Fcnr Deposits News

Axis Bank's managing director Amitabh Chaudhry has warned about the potential risk of abnormal lending due to record foreign-currency deposits. This statement h

ICICI Bank mobilized gross USD 17.88 billion through FCNR(B) deposits by August 31, utilizing the RBI's concessional swap facility to strengthen India's externa

Strong inflows into FCNR(B) deposits have led analysts to significantly raise their estimates for dollar mobilization through the scheme, with Jefferies now pro

Full flow FCNR deposits are projected to reach $100 billion.

The RBI's forex swap facility has mobilized $73 billion, largely driven by $65.4 billion in FCNR deposits, significantly boosting India's foreign-currency buffe

Indian banks expect stronger net interest income and earnings growth in FY27, driven by robust foreign currency deposit mobilization and healthy credit demand.

FCNR deposits have surpassed $60 billion, becoming a significant source of foreign currency inflows for India. Jitendra Sriram of Baroda MF notes their success

FCNR deposits are projected to reach $100 billion, providing significant liquidity to India's banking system and potentially boosting banking stocks, according

Banks have received $36.7 billion through FCNR deposits under a new incentive scheme for NRIs, which allows leveraged deposits until the end of September with t

The UAE is leading in India's special FCNR(B) deposit scheme, attracting significant interest from the Indian diaspora with enticing dollar rates and tax incent

The UAE is leading India's special FCNR(B) deposit scheme, attracting significant client interest with enticing dollar rates and tax incentives, with over ten b

Singapore's tax authority has clarified that leveraged FCNR(B) deposit structures may be subject to withholding tax on loan interest, potentially impacting retu

The RBI and the Indian government are relying on foreign capital inflows, including FCNR deposits and ECBs, to protect India's economy from rising crude oil pri

RBL Bank has successfully raised $150 million through FCNR deposits, supported by Emirates NBD, to expand its NRI funding base. The bank plans to utilize these

HSBC's GIFT City unit is offering Non-Resident Indians (NRIs) significant leverage, allowing them to borrow up to 19 times their funds against FCNR deposits. Th

Indian Bank aims to raise $2 billion through Foreign Currency Non-Resident (FCNR) deposits.