VERIFIEDEconomic Times News·12 Aug 2026positive

Banks continue to garner FCNR deposits at a brisk pace

AI Summary

·Indian banks are attracting foreign currency deposits at a brisk pace.
·Indian Bank and Central Bank of India have garnered substantial foreign currency deposits.
·The Reserve Bank of India's special measures have brought in significant foreign exchange inflows, largely driven by FCNR(B) deposits.