SBI Research Says FCNR(B) Deposits Could Deliver Rs 5.5 Trillion Notional Gain for Banks, RBI
SBI Research has argued that FCNR(B) deposits may generate a far larger economic benefit than previously assumed, potentially creating about Rs 5.5 trillion in notional profit for banks and the Reserve Bank of India. The report says earlier estimates overstated the schemeโs costs, while the liquidity mobilized through these deposits could support credit growth and improve interest income for lenders.
