New Delhi, July 27 -- India could receive Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits in the range of USD 65-70 billion by the end of the current scheme, with overall inflows estimated at USD 80-85 billion, according to an SBI Research report.

"Given the current trend we believe that total amount mobilized so far in 45 days has easily crossed the total amount mobilized in 2013 in 3 months! Overall, we believe, India may now receive FCNR (B) deposits in the range of USD 65-70 billion by the end of the scheme and overall USD 80-USD 85 bn," the report noted, as cited by ANI.

Public Sector Banks Lead Mobilisation

Citing data from the Reserve Bank of India (RBI), the report said FCNR(B) deposits worth USD 17.41 billion were mobi...