Skip to content
The Mumbai

Indian Banks Get $127-Billion Boost As Foreign Currency Deposits Strengthen Funding: S&P

Indian Banks Get $127-Billion Boost As Foreign Currency Deposits Strengthen Funding: S&P
Photo: Free Press Journal · view original

New Delhi: Indian banks have received a significant liquidity boost after mobilising a record $127 billion through Foreign Currency Non-Resident Bank deposits, according to S&P Global Ratings. Indian lenders collected $127 billion through FCNR(B) accounts between June 8 and August 31, 2026. The...

Sources and story details