Axis Bank aims for larger share of FCNR deposits
pre-market1 source ↓written by the desknot a recommendation
Axis Bank is targeting a larger share of FCNR deposits following a recent RBI move that makes these foreign currency deposits more appealing. The bank anticipates an increase in inflows, which could provide cheaper funds to support loan growth. This shift may enhance Axis Bank's competitive position in the market.
Not investment advice. For informational purposes only.