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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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Timeline cronologica
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FCNR (B) scheme — a range of possibilities
This scheme helps in boosting forex reserves and liquidity but hinges on making provisions for redemptions in future
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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