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FCNR(B) deposits emerge as cheaper funding source for banks: BofA
FCNR(B) deposits are now a cheaper funding source for Indian banks, offering advantages over traditional deposits, says BofA.
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thehindubusinessline.com
FCNR(B) deluge softens CD rates; large banks stay away
FCNR(B) deposits lower CD rates, prompting mid and small banks to capitalize on cheaper short-term funding opportunities.
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economictimes.indiatimes.com
FCNR(B) windfall for banks explained: Who got highest inflows and what it means for investors
FCNR(B) deposits offer banks a cheaper and balance-sheet-efficient source of funding, but their finite tenor and initial deployment challenges could pressure margins. While ICICI…
