FCNR(B) Inflows Boost Bank Deposits and Credit Growth Amid RBI Liquidity Measures
Foreign currency deposits under the Reserve Bank of India's FCNR(B) scheme have surged to an estimated $133 billion, boosting banks' deposit growth to the highest since 2019. This influx has increased rupee liquidity by around Rs 10 lakh crore, prompting the RBI to initiate open market operations to absorb excess funds. Despite higher forex reserves, the rupee weakened due to rising crude prices and a stronger dollar. Bank credit growth also strengthened, driven by corporate and MSME demand ahead of the festive season.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (55/100). Lens Score 44/100.
Outlets measured: thefinancialexpress, thefinancialexpress. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (52–58/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
thefinancialexpress broke this story on 15 Sept, 03:41 pm. Other outlets followed.
- 1