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.
2 reports, 1 independent
Updated Jul 1
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What happened
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.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- RBI operationalized a special FCNR(B) scheme, exposing banks to liquidity and concentration risks, while global rates affect NRI deposit inflows.Sub-event
- Federal Bank expects FCNR inflows from Singapore and Hong Kong, leveraging the RBI's FCNR-B deposit scheme.Sub-event
Taxation rules are causing inflows constraints on RBI's FCNR(B) deposit scheme.1 source
RBI operational mechanisms affecting deposit inflows and major banking index performance.1 source
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The entities involved
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Reserve Bank of India
central bank of India
Related events
- RBI's concessional swap window drove fund mobilization, causing deposit growth to peak.
- IDFC First Bank stock traded on BSE at Rs. 84.95, while the bank utilized the RBI FCNR(B) swap window for deposit mobilization.
- 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.
- The Reserve Bank of India introduced measures aimed at attracting foreign currency inflows.
- RBI's swap facility closure is now affecting demand for FCNR(B) deposits.