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Bulls return to banks on RBI's FCNR(B) initiative

Traders are piling into bullish derivative bets on banks, reversing bearish positions, as RBI's foreign currency borrowing measures boost lenders. Bank Nifty surged 4.25% last week, outperforming the Nifty. Analysts expect this trend to continue, driven by short covering and fresh long additions.

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economictimes.indiatimes.com

cryptobriefing.com

thehindubusinessline.com

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economictimes.indiatimes.comStai leggendo1 mese fa

Bulls return to banks on RBI's FCNR(B) initiative

RBI's FCNR(B) initiative mobilised foreign deposits; Bank Nifty jumped 4.25% as traders reversed bearish positions. Scheme targets $35-40B incremental inflows, signalling stronger foreign appetite for India and supporting rupee stability.

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thehindubusinessline.com1 mese fa

Nifty Futures and Nifty Bank Futures Eyeing Further Gains

Nifty and Bank Nifty futures show potential gains with easing bearish sentiment and improving options positioning.

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Timeline cronologica

venerdì 12 giugno 2026·economictimes.indiatimes.com
Nifty Bank surges 700 points to one-month high; HDFC Bank, Yes Bank, PNB, other stocks rise 2%. What lies ahead?
Bank stocks saw a significant jump on Friday, propelling the Nifty Bank index to a one-month peak. This surge followed news of a potential peace deal between the US and Iran. Oil…
venerdì 12 giugno 2026·economictimes.indiatimes.com
RBI move sparks race among banks to raise FCNR(B) deposit rates; smaller lenders offer over 7% on USD deposits

Banks are aggressively increasing interest rates on NRI dollar deposits. This move follows a special RBI dispensation to boost foreign currency inflows. Several lenders are now…

Bulls return to banks on RBI's FCNR(B) initiative

Confronto fonti

Bulls return to banks on RBI's FCNR(B) initiative

Nifty Futures and Nifty Bank Futures Eyeing Further Gains

Timeline cronologica

Nifty Bank surges 700 points to one-month high; HDFC Bank, Yes Bank, PNB, other stocks rise 2%. What lies ahead?

RBI move sparks race among banks to raise FCNR(B) deposit rates; smaller lenders offer over 7% on USD deposits

Banks target Indian diaspora in $50B deposit drive to support the rupee

Banks target Indian diaspora in $50B deposit drive to support the rupee

RBI pushes banks to bring more dollars home

Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflows

Nifty Futures and Nifty Bank Futures Eyeing Further Gains

Explained: why RBI’s FCNR(B) and ECB swap window could be a game changer for banks

Bulls return to banks on RBI's FCNR(B) initiative

Nifty Bank rallies 1,000 points; HDFC Bank, IndusInd, Yes Bank, and other stocks jump up to 3%. What lies ahead?