Banks mobilise $27.99bn via FCNR deposits
Synopsis Banks have mobilized USD 27.99 billion from non-resident Indians through a forex swap facility. Domestic payment frauds across all banks amounted to Rs 489
Synopsis Banks have mobilized USD 27.99 billion from non-resident Indians through a forex swap facility. Domestic payment frauds across all banks amounted to Rs 489 crore as of June 2026. Near-universal banking coverage has been achieved, serving most inhabited villages with banking outlets. Over 58.77 crore PMJDY accounts hold substantial balances, supporting financial inclusion efforts.
The BriefWire