Foreign banks accounted for a significant portion of the inflows into Foreign Currency Non-Resident (FCNR(B)) deposits…
Tag: FCNR
RBI’s FCNR(B) Plan May Fund FII Exits, Analyst Warns
The Reserve Bank of India's (RBI) revived Foreign Currency Non-Resident (FCNR) scheme may inadvertently facilitate foreign…
RBI Seeks Answers on Slow FCNR Deposit Inflows
The Reserve Bank of India (RBI) has initiated discussions with commercial banks regarding the slower-than-expected inflows…