Economy

RBI swap scheme boosts private banks' Q2 business numbers

· 6 October 2026 · 2 min read
RBI swap scheme boosts private banks' Q2 business numbers

The Times of India has reported a new India-focused economy development: “RBI swap scheme boosts private banks' Q2 business numbers.” The publisher's feed describes the story as follows: <![CDATA[Private banks witnessed considerable credit and deposit growth in the second quarter of FY27. This growth was driven by the RBI's concessional dollar-rupee swap facility for FCNR(B) deposits. Major banks like Axis Bank, Kotak, and HDFC Bank reported varying growth figures, showing the impact of interna

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