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FCNR(B) mobilisation starts slow; banks remain optimistic on September-end targets
NRI participation in FCNR(B) deposits is cautious, but banks remain hopeful for increased inflows by September-end.
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thehindubusinessline.com
FCNR scheme could bring $70-80 billion from NRIs to boost India's forex reserves
India's FCNR scheme could attract $70-80 billion from NRIs, experts say, boosting forex reserves as banks offer higher interest rates until September 30, 2026.
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economictimes.indiatimes.com
PNB mobilises $419 million in FCNR(B) deposits, on track to meet $2.5 billion target: Executive Director
Punjab National Bank (PNB) has mobilised around USD 419 million in Foreign Currency Non-Resident Bank (FCNR(B)) deposits and remains on track to achieve its USD 2.5 billion target…
