September 21, 2026
Business

Deluge of FCNR dollars leaves banks with a problem of plenty(Soban News)

Indian banks are rushing to raise funds before the RBI closes the FCNR(B) scheme early, leading to deployment challenges and potential negative carry for some lenders. 

​Indian banks are rushing to raise funds before the RBI closes the FCNR(B) scheme early, leading to deployment challenges and potential negative carry for some lenders. Â by Soban News (international And National News)

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