The $133 billion deposits that made India's banks look less profitable artwork
The Daily Brief

The $133 billion deposits that made India's banks look less profitable

Oct 27, 2026 · 00:24:08

In today's episode of The Daily Brief, we cover a deep dive and another story for the day shaping Indian and global markets:1. $133 Billion in NRI Deposits: Good or Bad for Banks? We’ll cover: How the RBI’s special FCNR(B) scheme helped banks raise $133 billion. Why bank deposits grew while net interest margins fell. The long-term benefits and risks for banks when these deposit…