#foreign-currency-deposit
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…
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