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Banks seek RBI clarity on leveraged NRI FCNR deposit structures
Indian banks are seeking clarity from the RBI on allowing overseas branches to lend to non-residents for FCNR(B) deposits. Some lenders, like SBI, have already launched structured products enabling this, with deposits as collateral. Bankers hope for explicit regulatory comfort to boost NRI deposits before a special RBI window closes in September, potentially offering significant leveraged yields.
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3 prospettive sulla stessa storiaTimeline cronologica
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thehindubusinessline.com
Euphoria over FCNR (B) deposits misplaced
Sections of the Indian diaspora in the US are facing an income squeeze, which may cloud the prospects of this scheme
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timesofindia.indiatimes.com
Depositors await clarity on leverage
MUMBAI: Reserve Bank of India’s sweeping overhaul of FCNR(B) deposit rules has triggered intense interest among non-resident investors, but a lack of clarity on leveraged…
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economictimes.indiatimes.com
Banks seek RBI clarity on leveraged NRI FCNR deposit structures
Indian banks are seeking clarity from the RBI on allowing overseas branches to lend to non-residents for FCNR(B) deposits. Some lenders, like SBI, have already launched structured…
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Bankers’ expect RBI to issue detailed FAQs on limited period high interest rate FCNR (B) deposits
Bankers anticipate RBI will release FAQs to clarify regulations and address concerns about high interest FCNR (B) deposits.
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RBI clarifies FCNR(B) loan, SBLC eligibility under swap scheme - The Economic Times
Banks can now offer loans to non-residents and issue standby letters of credit against FCNR(B) deposits under the RBI's swap facility. This regulatory clarity from the central…