Indian banks are actively reducing costly bulk deposits after strong foreign currency inflows. This strategy helps optimize funding costs and potentially boost profitability for lenders. Larger banks are realizing significant savings by replacing these expensive funds. Overall, banks are expected to mobilize substantial amounts through the FCNR-B window. This shift reflects a strategic move to strengthen liquidity profiles.
Market Samachar is a news aggregator. This article was originally published by Stocks-Markets-Economic Times. Tap the button above to read the full story on their site.