Urgent.News

What's breaking now, across thousands of outlets.

Business

BoI, Indian Bank cumulatively raise nearly $5 bn through FCNR(B) deposits

The state-owned lenders are using cheaper foreign-currency funding to meet rupee liquidity needs, extend loans and reduce dependence on high-cost deposits and borrowings

BoI, Indian Bank cumulatively raise nearly $5 bn through FCNR(B) deposits

We haven't written up this one. Business Standard IN has the full story — the link below goes straight to it.

Read the original at business-standard.com →

More in Business

More from Friday 11 September →