The NSE Nifty rose 156.3 points, or 0.72%, to close at 21,853, off its all-time high of 22,126. BSE’s Sensex rose 440.3 points, or 0.61%, to end at 72,085. The index’s Friday high of 73,089 was a few points below its record high of 73,427.
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