FCNR(B) scheme to net banks Rs 5 trillion profit: SBI Research
SBI Research refutes claims the FCNR(B) scheme will cost Rs 5 trillion, arguing it will generate Rs 5 trillion in notional profit for banks over five years and add Rs 50,000 crore to the RBI’s balance sheet, citing fallacious loss estimates. The FCNR(B) deposit scheme could generate a notional profit of around Rs 5 trillion … Read more