Banks are expected to put additional liquidity from FCNR(B) deposits to work in the coming months as festive-season borrowing demand strengthens, Reserve Bank Deputy Governor Rohit Jain said. He added that the central bank will not direct lenders toward specific sectors, leaving deployment decisions to banks based on the quality of credit proposals and broader demand conditions.
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"Banks Likely to Deploy FCNR(B) Liquidity as Festive Credit Demand Builds, Says RBI Deputy Governor"
Banks are expected to put additional liquidity from FCNR(B) deposits to work in the coming months as festive-season borrowing demand strengthens, Reserve Bank Deputy Governor Rohit Jain said. He added that the central bank will not direct lenders toward specific sectors, leaving deployment decisions to banks based on the quality of credit proposals and broader demand conditions.
Banks Likely to Deploy FCNR(B) Liquidity as Festive Credit Demand Builds, Says RBI Deputy Governor
R
RDU Global Wire
BFSI & Fintech Desk
New Delhi, India Just now (07:12 AM IST)•5 min read
Banks are expected to put additional liquidity from FCNR(B) deposits to work in the coming months as festive-season borrowing demand strengthens, Reserve Bank Deputy Governor Rohit Jain said. He added that the central bank will not direct lenders toward specific sectors, leaving deployment decisions to banks based on the quality of credit proposals and broader demand conditions.
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