HSBC, SBI, and ICICI Bank Secure Half of India's FCNR Flows

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Finance

3 August 2026 at 11:42 pm

HSBC, SBI, and ICICI Bank Secure Half of India's FCNR Flows

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Summary

HSBC, SBI, and ICICI Bank collectively received half of India's FCNR flows under an incentive window, with public sector banks getting $8.8 billion, private sector banks $10.7 billion, and foreign banks $8.4 billion.

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