SBI expects $10 billion NRI inflow, RBI data shows 22% fall
State Bank of India Chairman C S Setty has said the bank expects to garner about $10 billion from non-resident Indians and foreign investors by August 31, with most of the inflow…
All posts tagged in FCNR-B
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RBI closes FCNR swap window early, banks scramble
Business Today reports that the Reserve Bank of India's decision to close the FCNR(B) deposit swap window earlier than expected has left banks scrambling and renewed concerns about policy communication. Markets reacted…
NRI dollar inflows push bank deposits to decade-high growth
Bank deposits grew 15.4% year-on-year by end-July, the fastest in nearly a decade, as overseas Indians parked about $37 billion in foreign currency deposits through a special RBI window. FCNR-B deposits alone…
