Banks gain funding boost from FCNR(B) inflows, with a $133 billion windfall.
According to The Hindu Business, banks gained a funding boost from FCNR(B) inflows, a $133 billion windfall, providing a stable source of medium-term foreign currency funding. This comes at a time when lenders have been facing elevated credit-deposit ratios.
Key facts
- 01FCNR(B) inflows are the source of the funding boost.
- 02The inflows amount to a $133 billion windfall.
- 03They provide a stable source of medium-term foreign currency funding.
- 04The boost comes as lenders face elevated credit-deposit ratios.
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- FCNR(B) $133bn windfall: Banks gain funding boost, face future refinancing test · The Hindu Business