Brind.
  1. The new event details how RBI's FCNR(B) deposit rate mechanism influences inflows into banks, alongside the performance of major indices like Bank Nifty and Nifty.

RBI operationalized a special FCNR(B) scheme, exposing banks to liquidity and concentration risks, while global rates affect NRI deposit inflows.

2 reports, 2 independent Updated Aug 4
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New informationRepeats or wire copies

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What happened

Some supportReported by 2 outlets

RBI operationalized a special FCNR(B) scheme, exposing banks to liquidity and concentration risks, while global rates affect NRI deposit inflows.

How it developed

Newest first. Tap a step to see who reported it.
  1. Samir Arora advises the RBI to consider closing the FCNR scheme due to associated risks.1 source
  2. The new FCNR(B) scheme exposes banks to risks while global rates impact NRI deposits.1 source

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The new event details how RBI's FCNR(B) deposit rate mechanism influences inflows into banks, alongside the performance of major indices like Bank Nifty and Nifty. All 2 developments

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Newest first; wire copies grouped