Story 123 Aug 2026· The Hindu BusinessLine
NRIs yearn for higher returns: Banks mop up $65.397 billion in just 75 days via FCNR-B deposits
Indian banks have attracted $65.397 billion in FCNR-B deposits within 75 days, driven by NRI demand for higher returns. This surge comes as the RBI has brought forward the deadline for its concessional swap facility for these deposits to August 31, 2026, accelerating inflows.
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