Mumbai, June 11 -- HDFC Bank could emerge as one of the key beneficiaries of the Reserve Bank of India's latest measures aimed at attracting foreign currency inflows, with brokerage firm Jefferies noting that the lender was the largest mobiliser of funds under the FCNR-B scheme launched in 2013.

The RBI reopened the FCNR-B deposit window on Monday and allowed External Commercial Borrowing (ECB) raisings while offering to bear the cost of hedging, a move aimed at strengthening foreign exchange reserves and supporting capital inflows.

According to Jefferies, a similar scheme introduced in 2013 had mobilised USD 34 billion in total funds, including USD 26 billion through FCNR-B deposits and USD 8 billion through ECB borrowings.

Among bank...