Central Bank of India mobilises $250 million under FCNR (B) window: CEO
India, Aug. 13 -- State-owned lender Central Bank of India has mobilised $250 million under the FCNR-B window introduced by the Reserve Bank of India (RBI), a senior bank official said on Wednesday.
Central Bank of India has surpassed the $100 million target set for July, garnering $250 million.
"We have surpassed the July target set internally, and mobilised $250 million under FCNR - B," Kalyan Kumar, Managing Director and Chief Executive Officer of Central Bank of India, said on the sidelines of the annual FIBAC event here.
He said that the Central Bank of India has raised funds through its GIFT City branch and has set a target of $400 million by September end, the closure date fixed by the RBI for the special swap window.
During th...
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