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ICICI Bank raises $17.9 billion through FCNR(B) window, boosts lending liquidity - The Economic Times
ICICI Bank secured approximately $17.88 billion via the RBI's special swap facility. This mobilization provides the bank with substantial foreign-currency funding for loans. Loans extended against these deposits and supported by SBLCs reached over seventy percent. Indian banks collectively gathered $65.4 billion through FCNR(B) deposits by August twenty-first.
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thehindubusinessline.com
ICICI Bank mobilises $17.88 billion through FCNR deposits
ICICI Bank mobilised $17.88 billion through FCNR deposits by August 31, with $9 billion in loans and $3.63 billion in guarantees backed by deposits.
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ICICI Bank shares slip 0.56%: What does $17.88 bn FCNR data mean?
ICICI Bank shares were trading lower on Wednesday morning, down ₹8 or 0.56% at ₹1,430 on the NSE after the private lender disclosed details of its FCNR (B) deposit mobilisation…
