Bumper FCNR(B) inflows may dilute banks' margins but boost earnings by up to Rs 11,000 crore: Jefferies https://economictimes.indiatimes.com/markets/stocks/news/bumper-fcnrb-inflows-may-dilute-banks-margins-but-boost-earnings-by-up-to-rs-11000-crore-jefferies/articleshow/133760231.cms The FCNR(B) scheme’s $127 billion inflows should boost banking sector earnings by Rs 10,000–11,000 crore annually, despite potential near-term margin pressure. Analysts highlight significant benefits for small private banks and NBFCs, while providing the RBI with increased foreign exchange reserves.
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