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BoB targets $3 billion via FCNR(B) deposits
Financial Express Delhi
|June 15, 2026
BANK OF BARODA (BoB) is targeting to raise $3 billion through foreign currency non-resident (bank) [FCNR(B)] deposits after the Reserve Bank of India introduced measures to draw foreign currency inflows and support the rupee, a senior official told FE.
“Considering the bank’s market share of around 5% and its strong overseas presence across key NRI corridors, BoB is targeting mobilisation of FCNR(B) deposits in the range of $3 billion during the scheme period,” the official said.
This story is from the June 15, 2026 edition of Financial Express Delhi.
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