23-September-2026
Banking
 
$127 bn foreign currency deposit mobilisation a 'shot in the arm' for Indian banks: S&P
22-Sep-2026

S&P Global Ratings on Monday said the USD 127 billion mobilised by Indian banks through a special deposit scheme to attract US dollars is a "shot in the arm" for Indian banks as it has eased the tough funding conditions and boosted liquidity. Indian banks raised a record USD 127 billion in deposits through foreign currency non-resident bank (FCNRB) accounts between June 8 and August 31, 2026.

News Source:- https://economictimes.indiatimes.com/industry/banking/finance/banking/127-bn-foreign-currency-deposit-mobilisation-a-shot-in-the-arm-for-indian-banks-sp/articleshow/134385814.cms
 
 
 

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