Nowadays, institutions such as banking are institutions that are always sought after and used by many people for certain things, including doing business because business people sometimes also need banking services when they want to make transactions of a certain amount. But after recently there have been several banks that have gone bankrupt, of course the banks are still not bankrupt and are still surviving to continue serving their customers, they definitely still want to make bigger promotions in order to be able to attract more customers who have fled from other banks to enter the bank.
And yes, I think this is a very common practice for every institution like banking because basically they can operate more easily when there are lots of customers who save money with them. And from what has been seen so far, indeed there are still very many banks that are still alive by continuing to operate better so that not all of them (banks) are bankrupt at this time.