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Foreign Banks Boost FCNR(B) Funds by 68% Amid RBI Incentives
Foreign banks raised over 68% in FCNR(B) funds, driven by RBI incentives. Major players like HSBC, SBI, and ICICI Bank led this surge, capitalizing on increased foreign currency deposits. This trend highlights the aggressive strategies employed by banks to enhance their deposit holdings, particularly among the top ten institutions in India.
⚖️ AI Verdict
"Looks like foreign banks are cashing in on currency deposits!"
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File ID: #311255Original Source: Times Of India ↗
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