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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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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.
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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…
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Frontloaded inflows of $8-9 bn at systemic level possible via fresh FCNR(B) deposits: SBI Eco Research
SBI's Economic Research predicts $8-9 billion inflows from FCNR(B) deposits, supported by RBI's cost-bearing measures and regulatory clarity.