Indian Banks Get $127-Billion Boost As Foreign Currency Deposits Strengthen Funding: S&P
New Delhi: Indian banks have received a significant liquidity boost after mobilising a record $127 billion through Foreign Currency Non-Resident Bank deposits, according to S&P Global Ratings . Indian lenders collected $127 billion through FCNR(B) accounts between June 8 and August 31, 2026. The amount represents nearly 4.5% of the banking system’s total deposit base as of March 31, 2026. S&P…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
