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Source: Economic Times
Economic Times
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Banking Sector
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4 min
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02 Aug
Published
Banking Sector
4 min read· Economic TimesHDFC, ICICI Bank rates up for dollar deposits
Banks are raising FCNR(B) deposit rates to attract dollars amid global rate increases. ICICI Bank and HDFC Bank have already adjusted their offerings for dollar deposits. Higher overseas borrowing costs and market competition necessitate these rate adjustments. Global benchmark rates have risen since the scheme's opera…
Banks are raising FCNR(B) deposit rates to attract dollars amid global rate increases. ICICI Bank and HDFC Bank have already adjusted their offerings for dollar deposits. Higher overseas borrowing costs and market competition necessitate these rate adjustments. Global benchmark rates have risen since the scheme's opera
#HDFC#ICICI
Source: Economic Times