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Which Banks Win From The FCNR-B Boom: ICICI, HSBC Lead, HDFC Bank Lags
ICICI Bank and RBL Bank captured a big share of India's $136.4 billion (Rs 12.96 lakh crore) FCNR-B mobilisation relative to their normal deposit base, while HSBC and Standard Chartered swept up gains among foreign lenders, brokerage reports from Macquarie, Jefferies, Motilal Oswal and BofA show.
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