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FCNR inflows may reduce banks' reliance on CD market in Q2 FY27: Report
Foreign currency deposits may reduce bank reliance on certificate of deposit issuances. Strong credit growth will continue to support certificate of deposit issuances in the near term. However, FCNR (B) deposit inflows will determine certificate of deposit volumes in the second quarter. Commercial paper issuances are expected to remain strong for NBFCs and corporates. Elevated refinancing needs will sustain primary market activity for commercial papers.
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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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economictimes.indiatimes.com
FCNR inflows may reduce banks' reliance on CD market in Q2 FY27: Report
Foreign currency deposits may reduce bank reliance on certificate of deposit issuances. Strong credit growth will continue to support certificate of deposit issuances in the near…
