State Bank of India first to roll out high-leverage FCNR(B) product
State Bank of India (SBI) has moved quickly to take advantage of the Reserve Bank of India’s (RBI) newly introduced concessional framework for foreign currency non-resident (bank) deposits, offering a high-leverage structure of up to nine times on FCNR(B) investments. The bank is the first major lender to operationalise the scheme following the RBI’s announcement…
