Surplus Liquidity from FCNR(B) Inflows to Cut Bank Funding Costs by 50 Bps
· rediff.com
Indian banks anticipate a reduction of up to 50 basis points in their funding costs due to a surge in liquidity from robust Foreign Currency Non-Resident (Bank), or FCNR (B), flows, lessening their reliance on more expensive certificates of deposit (CDs).
Indian banks are poised for a significant reduction in funding costs, potentially up to 50 basis points, driven by a robust surge in liquidity from Foreign Curr...