Banks Question Insurance for Large FCNR(B) Deposits
By United One News · AI-generated summary of 1 outlet's reporting
Published
AI-generated summary of the coverage listed below:
- Banks argue that including large FCNR(B) deposits in insurance coverage requires careful reconsideration due to foreign exchange rate risk.
- The sizeable nature of these deposits makes insurers wary of potential losses.
Covered by 1 outlet across the spectrum: 0% left, 100% center, 0% right.
How each side framed it
Should ‘special’ FCNR(B) deposits be insured?
Timeline
First reported by The Hindu BusinessLine on ; 1 article from 1 outlet so far.
Who is covering this story
- Center (1): The Hindu BusinessLine