Banking News
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Source: Economic Times
Economic Times
Source
Earnings & Results
Category
4 min
Read time
28 Jul
Published
Earnings & Results
4 min read· Economic TimesFCNR(B) deposit drive could pressure banks' profitability
Banks' leverage on FCNR(B) deposits could pressure profit margins. Overseas interest rates are lower, and lending spreads remain thin. This impacts banks with lower funding costs, like ICICI Bank and HDFC Bank. The FCNR(B) scheme has mobilized over $32 billion by mid-July. Deployment of these funds profitably is key fo…
Banks' leverage on FCNR(B) deposits could pressure profit margins. Overseas interest rates are lower, and lending spreads remain thin. This impacts banks with lower funding costs, like ICICI Bank and HDFC Bank. The FCNR(B) scheme has mobilized over $32 billion by mid-July. Deployment of these funds profitably is key fo
#ICICI#HDFC
Source: Economic Times