FCNR(B) deposits nearly double to USD 60.5 bn after RBI relaxation; HSBC, SBI, ICICI lead inflows
Economic Times 3 hrs ago·3 Aug 2026, 7:01 pm
Excerpt from Economic Times
Published On Aug 4, 2026 at 12:31 AM IST Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits with authorised dealer banks surged to nearly double in less than two months after the Reserve Bank of India 's June 5 regulatory relaxations, with outstanding balances rising to USD 60.55 billion as on July 30, 2026, from…Read the original at Economic Times
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