New Delhi, July 29 -- The 'special' FCNR(B) scheme with concessional swap facility was operationalised on June 8. The RBI Governor, in an interview to this newspaper (July 27), said banks have mobilis... Read More
New Delhi, July 7 -- Following the June 5 decision by the Reserve Bank of India (RBI) to mobilise Foreign Currency Non-resident (Bank) [FCNR (B)] deposits almost on a war footing, the media witnessed ... Read More
New Delhi, June 19 -- Banks are visibly euphoric about mobilization of FCNR (B) deposits following the RBI decision that it will bear the full hedging cost till September 30, 2026 to banks for raising... Read More