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Banks’ 'Certificate of Deposits' rates dipas FCNR flows hit $127 billion

The RBI’s scheme for attracting foreign currency deposits from NRIs has boosted banking-system liquidity, reducing banks’ need to raise funds through CD's.

This story summarizes reporting from Hindustan Times. Read the original for full context. Wire items stay in our news sitemap for seven days. Editorial policy.

Read full story on Hindustan Times →
Hindustan Times3 Sept 2026, 02:05 amUpdated 2h ago1 min readIndiaIndia
Banks’ 'Certificate of Deposits' rates dip as FCNR flows hit $127 billion

India — Hindustan Times

The RBI’s scheme for attracting foreign currency deposits from NRIs has boosted banking-system liquidity, reducing banks’ need to raise funds through CD's.

This report is published with credit to Hindustan Times. The wire sent a summary; open the original for any extra context. Read on Hindustan Times →

Source: Hindustan Times. Published 3 Sept 2026, 02:05 am.

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