The FCNR(B) scheme’s $127 billion inflows should boost banking sector earnings by Rs 10,000–11,000 crore annually, despite potential near-t...

Banks are deploying surplus liquidity through new mortgage products. HSBC and Kotak Mahindra Bank lead with semi-fixed home loan options. T...

FCNR(B) deposits could boost banks’ return on equity despite a mild impact on net interest margins, according to Anand Rathi. Exemptions fr...

Indian lenders suggested forex sell/buy swaps to reduce excess rupee liquidity. This proposal came after a meeting with the Reserve Bank of...

India’s banking system liquidity surplus has surged to a record ₹9.7 trillion ($102.67 billion), surpassing the previous peak seen in Septe...

Closing the FCNR(B) scheme has led to a noteworthy increase in dollar inflows, which has positively impacted foreign exchange reserves. Ind...

GIFT IFSC banking units are channeling foreign-currency deposits into financing. These units funded fifty-two billion dollars of FCNR(B) de...

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

India's banking system attracted over $136 billion through a special Reserve Bank of India swap facility. Foreign currency non-resident dep...

ICICI Bank secured approximately $17.88 billion via the RBI's special swap facility. This mobilization provides the bank with substantial f...

Indian banks have lowered interest rates on foreign-currency deposits significantly. This action follows the closure of the Reserve Bank of...

FCNR (B) deposit interest rate cuts have particularly been made in deposits of three to five years, which had higher interest rates after t...

Banking system liquidity has reached a four-year high as FCNR(B) inflows entered the market. This excess liquidity has pushed the weighted ...

Non-resident Indian deposits saw a significant year-on-year decrease in the first quarter. However, overall outstanding NRI deposits experi...

India has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale and pace of the RBI’s 2013 FCNR(B) ...

Strong FCNR(B) deposit inflows have led analysts to raise their estimates for dollar mobilisation through the scheme. Jefferies now expects...

The RBI’s special forex swap facility has mobilised $73 billion in foreign exchange inflows as of August 21, with FCNR(B) deposits accounti...