16-July-2026
Banking
 
FCNR(B) offers overtake domestic rates at many banks
15-Jul-2026

The foreign currency non-resident (bank), or FCNR(B), deposit scheme, launched to support the rupee and bridge the balance of payments deficit, is also expected to ease banks’ funding pressures amid sluggish deposit growth. Many lenders have, therefore, aggressively priced these deposits, with some offering rates higher than those on comparable domestic deposits.

News Source:- https://www.financialexpress.com/business/banking-finance-fcnrb-offers-overtake-domestic-rates-at-many-banks-4291266/
 
 
 

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