Economy · India
SBI Chairman on FCNR (B) deposit deployment and lending responsibility
SBI Chairman Dinesh Kumararao Setty stated that it will take three to four months for banks to deploy the recently boosted FCNR (B) liquidity. He expressed hope that this influx of funds would encourage more responsible lending practices among banks. Setty indicated that there is no immediate risk of abnormal loan growth due to the deployment of these funds.
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- Centre (2): Business Standard, Business Today