FCNR deposits hit $136 billion, boosting bank credit growth potential

FCNR deposits reach $136 billion, signaling strong foreign currency inflows. This could support bank credit expansion beyond the current 18% growth rate. Enhanced deposit base may improve liquidity and lending capacity for public and private sector banks. A sustained rise could positively impact net interest margins and asset quality.

📊 STOCKS: | 🏢 SECTOR: Banking | #MEDIUMIMPACT #FCNR