SBI Targets $10 Billion FCNR(B) Deposits to Bolster Lending and Cut Funding Costs

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Banking

8 August 2026 at 12:07 am

SBI Targets $10 Billion FCNR(B) Deposits to Bolster Lending and Cut Funding Costs

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Summary

SBI expects to attract $10 billion in FCNR(B) deposits to support lending and reduce funding costs, according to Chairman Setty, who stated that these funds would help finance loan growth and decrease reliance on expensive bulk deposits.

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