Axis Bank and Kotak Mahindra Bank mobilized over $1 billion in FCNR(B) deposits.

The entities involved

• Axis Bank →

  Indian private sector bank

  • Axis Bank and Punjab National Bank are competing for high-yield deposits following recent RBI policy changes.Mon 15:42
  • The global oil market is reacting to US-Iran peace deal and Strait of Hormuz tensions, while Indian stock markets show mixed performance.Mon 08:34
• Kotak Mahindra Bank →

  Indian private sector bank headquartered in Mumbai

  • IT companies, auto manufacturers, and banks are listed on the Indian stock market, with market performance influenced by global cues like the rise in crude oil prices.Sat 03:31
  • Indian stocks showed mixed performance on July 6, 2026, amid monitoring of elevated crude oil prices.Sat 03:31

Related events

• RBI approved an acquisition stake involving Kotak Mahindra Bank and DCB Bank.Sep 10
• Both Kotak Mahindra Bank and IDFC FIRST Bank are tapping the overseas bond market.Aug 19
• RBI norms affecting bank liquidity ratios: Malhotra spoke on FCNR(B) deposits, SBI released a deposit profile report, Singh commented on LCR benefits, and Jana Bank responded to new norms.Jul 30
• Axis Bank and Bajaj Finance were among the top laggards during a market selloff on September 24, 2026.Thu 11:44
• Axis Bank partnered with Citigroup to finance NRI investments in India, aiming to attract foreign currency and strengthen reserves.Aug 25