In FCNR race, banks answer only the biggest depositors
Published on: July 13, 2026, 5:40 a.m. | Source: Livemint
Banks are selectively choosing FCNR(B) deposits from NRIs with over $1 million to benefit from rising overseas funding costs. Smaller leveraged deposits are becoming unworkable. This situation could undermine RBI's goal of attracting $30-40 billion in inflows.
