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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
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economictimes.indiatimes.com
India may see up to $85 billion in forex inflows after RBI's FCNR move: Report
India anticipates substantial Foreign Currency Non-Resident deposits, possibly reaching eighty to eighty-five billion dollars. Public sector banks are leading this significant…
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timesofindia.indiatimes.com
RBI's swap scheme may attract $80-85 billion in forex inflows, says SBI report
The Reserve Bank of India's concessional swap facility could attract $80-85 billion in foreign currency inflows, led by strong Foreign Currency Non-Resident (Bank) [FCNR(B)]…
