FCNR inflows may push FY27 loan growth to 16%; weaker-liability banks to benefit: Report
· thehindubusinessline.com
Brokerages noted that banks had mobilised $36.7 billion in fresh FCNR deposits as of July 31, surpassing $24.5 billion mobilised during the entire 2013 window, which represented 2% of system deposits and 9% of FCA
Foreign Currency Non-Resident (FCNR) inflows could boost system deposit growth by ~3 percentage points (ppt) and loan growth by 3.7ppt, raising FY27 loan growth...