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FCNR(B) inflows can boost bank lending, support festive demand: Former Standard Chartered Bank MD Sanjeev Mehta
Foreign Currency Non-Resident Bank deposits are significantly enhancing banking liquidity, providing an essential boost for lending opportunities. This heightened liquidity is expected to meet the anticipated consumer demand during the festive season. To avoi…
SBI chief Setty says $127 billion FCNR inflow won’t trigger lending surge
State Bank of India Chairman CS Setty addressed concerns regarding foreign currency deposit inflows. He stated these funds will be absorbed gradually over the coming months. The central bank's swap facility attracted significant foreign capital inflows. Comme…
SBI chief Setty says $127 billion FCNR inflow won’t trigger lending surge
State Bank of India Chairman CS Setty addressed concerns regarding foreign currency deposit inflows. He stated these funds will be absorbed gradually over the coming months. The central bank's swap facility attracted significant foreign capital inflows. Comme…
FCNR(B) liquidity may be deployed over 3-4 months: Setty
SBI's Chairman Setty anticipates a 3-4 month timeline for deploying surplus FCNR(B) liquidity amid robust credit demand.
In FCNR (B) race, small banks raise deposit rates to woo NRIs
Small and mid-sized banks boost FCNR (B) deposit rates to attract NRIs amid competition from larger banks.
RBI’s seeks daily data from banks under its limited period measures to attract foreign capital
RBI requests daily data from banks on foreign capital measures, including FCNR deposits, ECBs, and OFCBs, to attract investment.
Equitas SFB hikes USD FCNR (B) deposit rate to 7.13% pa for select tenure
The interest rate increase follows Reserve Bank of India’s special FCNR (B) swap facility, aimed at encouraging higher NRI fund inflows into India
Attracting NRI inflows: RBI temporarily withdraws interest rate ceiling on fresh FCNR(B) deposits of 3-5 yr tenor
The Reserve Bank of India seems to be pulling out all the stops to ensure that banks are able to attract deposits from Non-Resident Indians (NRIs).