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Will FCNR (B) deposit scheme that's bringing billions of dollars to India end? RBI Governor says this
The Reserve Bank of India will continue its special FCNR(B) deposit scheme. This scheme has already attracted tens of billions of dollars into the country. Governor Sanjay Malhotra expressed satisfaction with the robust foreign exchange inflows. The central bank expects more funds to arrive in the coming weeks. There are no current plans to prematurely close this successful mobilization window.
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economictimes.indiatimes.com
SBI, HSBC lead FCNR(B) deposit mobilisation
Foreign currency deposits have significantly increased following a Reserve Bank of India swap facility. State Bank of India and HSBC are leading banks in this deposit…
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Will FCNR (B) deposit scheme that's bringing billions of dollars to India end? RBI Governor says this
The Reserve Bank of India will continue its special FCNR(B) deposit scheme. This scheme has already attracted tens of billions of dollars into the country. Governor Sanjay…
