New Delhi, July 18 -- Yes Bank is seeing strong demand for foreign currency non-resident (FCNR) deposits under the Reserve Bank of India's concessional swap window, particularly from West Asia, while corporate lending grew sharply in the June quarter (Q1FY27).

In a post-earnings call, managing director and chief executive Vinay Tonse said the bank had capped leverage on the FCNR product at nine times and exhausted its initial limits. It is awaiting fresh limits as banks crowd into the scheme.

"We are seeing sufficient demand," Tonse said. He declined to disclose mobilisation numbers or targets, but said inflows were "more than my usual market share". The bank is currently routing flows through its GIFT City unit and is also in discussio...