North India Statesman
The Foreign Currency Non-Resident (Bank), or FCNR (B), deposit window has emerged as a major balance sheet booster for the Indian banking sector rather than a fiscal strain, according to an extensive analysis published by SBI Research. Mobilising an unprecedented $127.23 billion within a condensed window of under three months, …
Read More »FCNR (B) Deposit Inflow of $127 Billion to Yield Rs 5 Lakh Crore Notional Profit for Banks: SBI Research
