'We don't need to panic today': Uday Kotak says India must prepare for $170 billion FCNR(B) repayment

New Delhi, Oct. 27 -- Veteran banker Uday Kotak has warned that India must prepare to repay $160-170 billion over the next three to five years as foreign currency non-resident (bank), or FCNR(B), deposits mature. He said the inflows have provided temporary relief to the country but have not resolve…