FCNR(B) Bonanza: Banks mobilise record $127.226 billion in 85 days, nearly four times 2013 levels

This influx, driven by attractive interest rates of 6-7.5% and significant leverage incentives for non-resident Indians, occurred through the Reserve ...

By Dhallo News · September 2, 2026 at 10:05 PM IST

FCNR(B) Bonanza: Banks mobilise record $127.226 billion in 85 days, nearly four times 2013 levels

Source: The Hindu BusinessLine - Home

This influx, driven by attractive interest rates of 6-7.5% and significant leverage incentives for non-resident Indians, occurred through the Reserve Bank of India’s concessional swap facility.

SOURCE: The Hindu BusinessLine - Home

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DHALLO EDITORIAL STATUS: Aggregated & reviewed

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FCNR(B) Bonanza: Banks mobilise record $127.226 billion in 85 days, nearly four times 2013 levels

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