Banking #nri deposits#banking
Private Bank Chiefs Temper NRI Deposit Inflow Expectations as Tax, Liquidity Constraints Bite
Top private bank chiefs are taking a cautious view of RBI's FCNR(B) deposit window, with lenders saying tax rules, overseas liquidity conditions and regulatory constraints could limit inflows below initial estimates. HDFC Bank's Sashidhar Jagdishan said potential inflows may be around $50-55 billion instead of the earlier $60-80 billion estimate, while Axis Bank's Amitabh Chaudhry cautioned against speculation on single parameters.
Jul 19, 2026 1 source