World & BusinessBanks likely to deploy FCNR(B) funds amid anticipated festive credit demand
The Economic Times reports that RBI Deputy Governor Rohit Jain said the central bank would not steer banks toward specific sectors, leaving lenders discretion based on credit proposals.
TLDR
The Economic Times reports that RBI Deputy Governor Rohit Jain expects banks to deploy additional liquidity from FCNR(B) deposits, likely driven by anticipated strong festive-season credit demand. Jain said the RBI would not direct banks toward specific sectors; lenders would decide based on credit proposals. He described credit demand as broad-based across sectors.
Banks likely to deploy FCNR(B) funds amid anticipated festive credit demand
The Economic Times reports that RBI Deputy Governor Rohit Jain said the central bank would not steer banks toward specific sectors, leaving lenders discretion based on credit proposals.
TLDR
The Economic Times reports that RBI Deputy Governor Rohit Jain expects banks to deploy additional liquidity from FCNR(B) deposits, likely driven by anticipated strong festive-season credit demand. Jain said the RBI would not direct banks toward specific sectors; lenders would decide based on credit proposals. He described credit demand as broad-based across sectors.