Explained: What $127 billion FCNR(B) inflows mean for ICICI Bank, HDFC Bank, other bank stocks
· economictimes.indiatimes.com
Closing the FCNR(B) scheme has led to a noteworthy increase in dollar inflows, which has positively impacted foreign exchange reserves. Indian banks have benefited from these substantial funds, assisting in the continued growth of loans. Nonetheless, the Reserve Bank of India must now tackle the critical issue of managing surplus liquidity efficiently.
Bumper finale to FCNR(B) scheme gives forex firepower to RBI
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Mopping up surplus liquidity to be a challenge
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