Indian Banks See Surge in FCNR-B Deposits Ahead of Regulatory Deadline

Indian financial institutions recorded over $127 billion in foreign currency non-resident bank deposits ahead of the August 31 deadline, with ICICI Bank alone securing nearly $18 billion. The surge reflects strong capital inflows from overseas investors seeking higher yields amid shifting global interest rate expectations.

2 Sept, 12:55 — 2 Sept, 12:55

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moneycontrol2d ago

FCNR-B deposit inflows cross $127 billion by the August 31 deadline - Moneycontrol.com

FCNR-B deposit inflows cross $127 billion by the August 31 deadline Moneycontrol.com

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Indian Banks See Surge in FCNR-B Deposits Ahead of Regulatory Deadline

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FCNR-B deposit inflows cross $127 billion by the August 31 deadline - Moneycontrol.com

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