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Banks may deploy FCNR(B) liquidity as festive-season credit demand rises

2 sources · first seen 18:21 24 Sept · updated 19:01 24 Sept

The brief

Written from 2 reports · check the source before you trade
  • Banks are expected to deploy additional FCNR(B) liquidity in the coming months
  • RBI Deputy Governor Rohit Jain urged banks to maintain healthy credit standards
  • Credit growth may benefit Indian banks, while lending standards remain a key risk

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Banking liquidity7 todayFestive season3 todayCredit growth9 todayBanks69 todayRBI19 todayDinesh Pant9 today

Linked by the tag Festive season

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Part of a developing story6 updates over 2 days

Reliance bond issue amid bank liquidity shifts

Reliance Industries plans to raise ₹10,000 crore next week through 10-year bonds, as companies tap bank liquidity. RBI Deputy Governor Rohit Jain said banks are expected to deploy additional FCNR(B) liquidity, while deposits fell ₹2.59 lakh crore in the fortnight to September 15.

Friday, 25 September

  1. Bank deposits, credit shrink in fortnight to September 15
  2. India may not have got same FCNR(B) inflows if deposits were raised now: CEA
  3. Banks to deploy excess liquidity over next few months: RBI DG

Thursday, 24 September

  1. 2 sources
    Reliance plans ₹10,000 crore, 10-year bond issue next week
  2. 2 sourcesYou are here
    Banks may deploy FCNR(B) liquidity as festive-season credit demand rises
  3. 4 sources
    Reliance Industries eyes ₹10,000 crore 10-year bond sale at 7.90%

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Read the reports

2 reports · earliest 18:21
Economic TimesBanks likely to deploy FCNR(B) liquidity in coming months as festive credit demand rises: RBI Deputy Guv18:21Business StandardFCNR(B) funds find a runway ahead of festival season-led credit demand19:01