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Foreign, private banks raise over 68% FCNR(B) funds

Times of India

BusinessTimes of India·Aug 3, 2026·1 min read

Foreign, private banks raise over 68% FCNR(B) funds

Foreign currency deposits saw a significant increase between June and July. Banks aggressively mobilized these funds, taking advantage of RBI incentives. HSBC, SBI, and ICICI Bank led the collection efforts for these deposits. Foreign…

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