ICICI Bank raises $17.9 billion through FCNR(B) window, boosts lending liquidity
ICICI Bank secured approximately $17.88 billion via the RBI's special swap facility.
This mobilization provides the bank with substantial foreign-currency funding for loans.
Loans extended against these deposits and supported by SBLCs reached over seventy percent.
Indian banks collectively gathered $65.4 billion through FCNR(B) deposits by August twenty-first.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.