Indian Bank’s FCNR(B) inflows of Rs 19,000 Cr to partly replace bulk deposits, evaluating overseas branch expansion: MD Binod Kumar
Indian Bank expects its FCNR(B) mobilisation to help offset nearly Rs 19,000 crore of high cost bulk deposits by September end, with part of the inflows supporting overseas lending while also…
Read the full articleYou might also wanna read

Indian Bank sees fresh FCNR (B) deposits worth $140 million since new RBI rule; optimistic of clocking $2 b till Sept
Indian Bank currently offers a rate of interest of 6 per cent on such FCNR (B) deposits

Frontloaded inflows of $8-9 bn at systemic level possible via fresh FCNR(B) deposits: SBI Eco Research
They cited four reasons for the inflows, including entire hedging cost on fresh FCNR(B) deposits (principal) being borne by RBI, providing B

Banks rush for global ratings as FCNR (B) fund-raising gains momentum
The development comes amid a broader trend among Indian lenders looking to shore up foreign-currency liabilities as credit demand rises

FM asks banks to step up NRI outreach as FCNR mobilisation gathers pace
Banks reported that FCNR(B) deposit mobilisation had shown a clear accelerating trend

India draws nearly $10 billion under RBI's deposit drive to support Indian rupee, sources say
MUMBAI: India has attracted roughly $10 billion in inflows through the Reserve Bank of India’s special deposit programme for overseas Indian
Tamil Nadu: Foreign Currency Inflows Help Bank Deposit Accretion Of Rs 7 Lakh Cr In Last Fortnight
Aggregate deposits rose to Rs 265.4 lakh crore, with accretions over Rs 7 lakh crore, recording 13.3% yo-y growth compared with 10.1% a year

Comments
Sign in to join the conversation.
No comments yet. Be the first.