The US central bank confirmed in a statement that it was holding its benchmark lending rate steady between 5.25 percent and 5.50 percent, and said it is unlikely to start cutting rates without “greater confidence” that inflation is moving “sustainably” towards its long-term two percent target.
FCNR(B) windfall for banks explained: Who got highest inflows and what it means for investors
FCNR(B) deposits offer banks a cheaper and balance-sheet-efficient source of funding, but their finite tenor and initial deployment challenges could pressure margins. While ICICI Bank
September 8, 2026