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FCNR(B) Bonanza: Banks mobilise record $127.226 billion in 85 days, nearly four times 2013 levels
Banks raised a record $127.226 billion in FCNR(B) deposits, driven by attractive rates and incentives during a recent 85-day period.
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economictimes.indiatimes.com
FCNR rush leaves banks swimming in ₹6.65 lakh crore liquidity
Banking system liquidity has reached a four-year high as FCNR(B) inflows entered the market. This excess liquidity has pushed the weighted average call rate significantly below…
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Indian banks raise over $136 bn via RBI forex swap, FCNR(B) deposits dominate inflows
India's banking system attracted over $136 billion through a special Reserve Bank of India swap facility. Foreign currency non-resident deposits accounted for the largest portion…
