Banks Likely to Deploy FCNR(B) Liquidity as Festive Credit Demand Builds, RBI Deputy Governor Says
Banks are expected to put additional liquidity from FCNR(B) deposits to work in the coming months as festive-season credit demand strengthens, Reserve Bank Deputy Governor Rohit Jain said. He added that the central bank will not direct lenders toward any specific sector, leaving banks to allocate funds based on the quality of credit proposals and their own commercial judgment.
