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Indian Bank targets $2 billion through FCNR deposits
CHENNAI: Public sector lender Indian Bank is aiming to raise $2 billion through foreign currency non-resident (bank) (FCNR(B)) deposits. The move comes in the wake of the RBI withdrawing the interest rate ceiling on fresh FCNR(B) deposits with maturities of three to five years until Sept 30, 2026.
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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.
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timesofindia.indiatimes.com
Indian Bank targets $2 billion through FCNR deposits
CHENNAI: Public sector lender Indian Bank is aiming to raise $2 billion through foreign currency non-resident (bank) (FCNR(B)) deposits. The move comes in the wake of the RBI…