Moody’s says FCNR(B) deposits under central bank swap boost bank liquidity
Moody’s said Wednesday foreign currency non-resident (bank) deposits raised under India’s central bank special swap facility will strengthen banks’ funding and liquidity.
Ratings agency Moody's said on Wednesday that foreign currency non-resident (bank), or FCNR(B), deposits raised under the special swap facility of India's central bank will strengthen bank funding and liquidity.