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Indian Bank sees fresh FCNR (B) deposits worth $140 million since new RBI rule; optimistic of clocking $2 b till Sept
Indian Bank raises $140 million in FCNR (B) deposits, aiming for $2 billion by September under new RBI guidelines.
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economictimes.indiatimes.com
FCNR-B flows taper as higher costs trip math for double-digit returns
Indian banks are experiencing a slowdown in special foreign currency deposit collection. Rising overseas borrowing costs are impacting banks' leverage offerings to clients.…
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thehindubusinessline.com
Indian Bank sees fresh FCNR (B) deposits worth $140 million since new RBI rule; optimistic of clocking $2 b till Sept
Indian Bank raises $140 million in FCNR (B) deposits, aiming for $2 billion by September under new RBI guidelines.