Banks are expected to put additional liquidity from FCNR(B) deposits to work in the coming months as credit demand strengthens ahead of the festive season, Reserve Bank Deputy Governor Rohit Jain said. He added that the central bank will not direct lenders toward any specific sector, leaving deployment decisions to banks based on the quality of loan proposals.
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"Banks Likely to Deploy FCNR(B) Liquidity as Festive Credit Demand Rises, RBI Deputy Governor Says"
Banks are expected to put additional liquidity from FCNR(B) deposits to work in the coming months as credit demand strengthens ahead of the festive season, Reserve Bank Deputy Governor Rohit Jain said. He added that the central bank will not direct lenders toward any specific sector, leaving deployment decisions to banks based on the quality of loan proposals.
Banks Likely to Deploy FCNR(B) Liquidity as Festive Credit Demand Rises, RBI Deputy Governor Says
R
RDU Global Wire
BFSI & Fintech Desk
New Delhi, India Just now (12:46 PM IST)•5 min read
Banks are expected to put additional liquidity from FCNR(B) deposits to work in the coming months as credit demand strengthens ahead of the festive season, Reserve Bank Deputy Governor Rohit Jain said. He added that the central bank will not direct lenders toward any specific sector, leaving deployment decisions to banks based on the quality of loan proposals.
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