Banks raised a record $127.226 billion in FCNR(B) deposits, driven by attractive rates and incentives during a recent 85-day period.
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Record FCNR (B) inflows as banks mobilise $127 bln
FCNR rush leaves banks swimming in ₹6.65 lakh crore liquidity
India secures record $127B in foreign-currency inflows from diaspora
Explained: What $127 billion FCNR(B) inflows mean for ICICI Bank, HDFC Bank, other bank stocks
Indian banks raise over $136 bn via RBI forex swap, FCNR(B) deposits dominate inflows
Banks’ 'Certificate of Deposits' rates dip as FCNR flows hit $127 billion
Reserve Bank of India pulls in $127B from diaspora in record foreign currency drive
At $729 billion, forex kitty hits a record
Bank of India plans to raise up to $1 billion through a Medium-Term Note Programme for FCNR-B deposits.
Banks mobilized over $127 billion from FCNR(B) deposits by August 31. Total dollar inflows reached $136.37 billion through…
