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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 non-resident Indians remains strong, especially from the Middle East. Lenders are intensifying outreach efforts to attract more overseas funds. Mobilisation is expected to accelerate closer to the scheme's conclusion.
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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…
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Fresh FCNR (B) deposit inflows robust at $17.406 billion under RBI’s limited period swap facility
RBI reports strong $17.406 billion inflow in FCNR (B) deposits, highlighting robust NRI interest under the swap facility.
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Foreign banks account for lion's share of FCNR(B) inflows under RBI's concessional swap facility
Foreign banks have facilitated most FCNR(B) deposits under the RBI's swap facility. This concessional swap facility has attracted over twenty billion dollars in total inflows. …