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Banking scheme

Cuttack, Dec. 25: The Cuttack Urban Cooperative Bank (CUCB) will launch a slew of new deposit schemes to bring the economically weaker under the umbrella of banking.

The bank is targeting total deposits of Rs 3,0,12.27 lakh in 2007-08 compared with Rs 2,9,644.87 lakh now. It is also eyeing Rs 187.99 growth in net worth from Rs 2454.40 lakh by the end of last fiscal. Sajan Sharma, president of CUCB, said here today that one of the new schemes in the pipeline was styled as “No frill account” which enabled a person to open an account by depositing Rs 50.

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