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South Indian Bank eyes inflows of up to $1 billion via fresh FCNR (B) deposits
The sharp rise in interest rates on FCNR (B) deposits follows RBI’s measures to bolster Dollar inflows, including by bearing the full hedging cost for fresh 3–5-year FCNR (B) deposits raised up to September-end 2026
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economictimes.indiatimes.com
RBI's FCNR push may boost banks' deposit growth: Crisil
Foreign currency deposits are poised for a boost as the RBI removes interest rate caps on certain non-resident accounts until September. This move aims to attract overseas funds,…
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Bank of India eyes $3.5 billion foreign currency inflows on RBI's dollar push
Bank of India aims to raise approximately $3.5 billion through foreign currency deposits and overseas borrowings, leveraging recent RBI measures. This strategic move, including $1…
