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Private bank chiefs temper NRI deposit mop-up expectations; Top lenders stay cautious, say several factors affect inflows
MUMBAI: Top private bank chiefs are taking a cautious view of RBI's FCNR(B) deposit window, with lenders saying tax rules, overseas liquidity conditions and regulatory constraints could limit inflows below initial estimates.
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cryptobriefing.com
Indian state-run banks estimate $30B inflow from overseas deposit scheme
Indian state-run banks project $30 billion in inflows from the RBI's special FCNR(B) deposit scheme, with nearly $10 billion already mobilized by mid-July
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thehindubusinessline.com
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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economictimes.indiatimes.com
Regional conflict-driven curbs weigh on flow: FCNR(B) inflows may miss initial estimates, says HDFC Bank CEO
Expected FCNR(B) deposit inflows are now projected at fifty to fifty-five billion dollars. Taxation complexities for nonresidents and tighter West Asian liquidity are impacting…
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timesofindia.indiatimes.com
Private bank chiefs temper NRI deposit mop-up expectations; Top lenders stay cautious, say several factors affect inflows
MUMBAI: Top private bank chiefs are taking a cautious view of RBI's FCNR(B) deposit window, with lenders saying tax rules, overseas liquidity conditions and regulatory constraints…
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Lagging on FCNR(B) deposit collections, banks pin hopes on September-end rush - The Economic Times
Banks anticipate a surge in FCNR-B deposits before the September deadline. Initial inflows have been below expectations, but partnerships are being forged. Demand from…