FCNR(B) scheme: Inflows cool after netting $10 billion
Published on: July 15, 2026, 1:20 a.m. | Source: The Indian Express
While collections had accelerated after the RBI clarified that banks could extend loans against FCNR(B) deposits, the momentum, which has since eased as rising funding costs have made further mobilisation less attractive, is expected to pick up in the coming months, banking officials said.
