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VERIFIEDET Stocks·neutral
FCNR(B) windfall for banks explained: Who got highest inflows and what it means for investors
AI Summary
- ·FCNR(B) deposits provide banks with a cost-effective funding source.
- ·ICICI Bank and Kotak Mahindra Bank are expected to see significant inflows.
- ·IDFC First Bank is projected to experience the greatest earnings increase.