SBI Research Estimates Rs 5 Trillion Notional Profit from FCNR(B) Deposit Scheme
SBI Research reports that India's FCNR(B) deposit scheme, which mobilised $127 billion, could generate a notional profit of around Rs 5 trillion for banks over five years. The deposits may support Rs 25 lakh crore in additional bank credit, yielding about Rs 1.8 trillion annually in interest income. The report rejects claims of Rs 5 trillion losses, noting that foreign exchange risks are hedged via RBI's USD-INR swap facility. The RBI could also gain approximately Rs 50,000 crore from overseas investments of these funds.
First-hand measurement across 4 sources
We measured how 4 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is positive (69/100). Lens Score 41/100.
Outlets measured: thetribune, economictimes, freepressjournal, businessstandard. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (55–75/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
businessstandard broke this story on 18 Sept, 03:47 pm. Other outlets followed.