Indian banks have received a significant lift from a USD 127 billion foreign currency deposit mobilisation scheme, which S&P Global Ratings described as a “shot in the arm” for the sector. The inflow has improved liquidity, strengthened funding stability and narrowed asset-liability mismatches at a time when banks have been managing tighter domestic deposit conditions.
"S&P Says $127 Billion Deposit Inflow Is a Major Boost for Indian Banks"
Indian banks have received a significant lift from a USD 127 billion foreign currency deposit mobilisation scheme, which S&P Global Ratings described as a “shot in the arm” for the sector. The inflow has improved liquidity, strengthened funding stability and narrowed asset-liability mismatches at a time when banks have been managing tighter domestic deposit conditions.
S&P Says $127 Billion Deposit Inflow Is a Major Boost for Indian Banks
RDU Global Wire
Banking, Fintech & Insurance Desk
Indian banks have received a significant lift from a USD 127 billion foreign currency deposit mobilisation scheme, which S&P Global Ratings described as a “shot in the arm” for the sector. The inflow has improved liquidity, strengthened funding stability and narrowed asset-liability mismatches at a time when banks have been managing tighter domestic deposit conditions.
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Reported by RDU Global Correspondent. Formatted and verified using real-time institutional and journalistic wire feeds. Independent reporting adhering to the RDU Global Editorial Code of Conduct.
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