GgoogleIN first seen 4 d ago, last 4 d ago, peak #1

FCNR deposit rush squeezes private bank margins

Original: kotak

Indian banks are facing margin pressure from a surge in FCNR(B) deposits, with private lenders like Kotak Mahindra Bank feeling the squeeze more than their PSU counterparts. Reporting from BusinessLine says the rush into foreign currency deposits is raising funding costs and compressing profitability across the private banking segment.

Why now: Fresh reporting on banking sector margins and FCNR(B) deposit costs is drawing attention from investors and industry watchers in India

Kotak Mahindra BankReserve Bank of IndiaIndian private banks

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Evidence

• Bankers hail RBI's FCNR(B) playbook as dollar inflows surge to $12.7 bn · Business Standard
• FCNR(B) rush squeezes margins; private banks feel more heat than PSU peers · BusinessLine

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