FCNR inflows ease liquidity constraints but weigh on private banks’ margins
· livemint.com
The margin compression reflects the impact of foreign-currency non-resident (bank) or FCNR(B) deposits, which banks have mobilized faster than they can deploy into loans at normal lending spreads
Subhana Shaikh
Subhana Shaikh is a business journalist at Mint, where she covers the Reserve Bank of India, monetary policy, and India’s bond markets. She ha...