HDFC Bank shares rise as banking stocks surge amid a record $127 billion in FCNR(B) deposits, boosting market sentiment.

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.

HDFC Bank shares were in focus on Wednesday amid a slew of updates. The stock traded at ₹702 on the NSE, down 1.38 per cent at 10.42 am. During the session, it moderated between…

Banks mobilized over $127 billion from FCNR(B) deposits by August 31. Total dollar inflows reached $136.37 billion through special schemes. The FCNR(B) scheme alone accounted…