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FCNR(B) deposit drive could pressure banks' profitability
Banks' leverage on FCNR(B) deposits could pressure profit margins. Overseas interest rates are lower, and lending spreads remain thin. This impacts banks with lower funding costs, like ICICI Bank and HDFC Bank. The FCNR(B) scheme has mobilized over $32 billion by mid-July. Deployment of these funds profitably is key for banks' success.
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economictimes.indiatimes.com
FCNR(B) deposit drive could pressure banks' profitability
Banks' leverage on FCNR(B) deposits could pressure profit margins. Overseas interest rates are lower, and lending spreads remain thin. This impacts banks with lower funding costs,…
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thehindubusinessline.com
FCNR(B) scheme: Banks need to be prepared
These deposits pose a concentration risk if they attract just a set of high net worth NRIs. This heightens liquidity risk as well