Considering that it’s an interim budget, there were no major expectations from it. Yet, it had all the right things in place. Most important is the government’s fiscal position. Government borrowing for FY25 is also lower than that for FY24. Both these combined should help keep interest rates in check and prevent crowding out of the private sector.
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