HDFC Bank, ICICI Bank Eye FX Deposits For Margin Boost
Bloomberg 2026-07-17 02:05:07
Context: HDFC Bank and ICICI Bank are considering offering foreign exchange deposits to boost their margins, following the Reserve Bank of India's latest measures to attract foreign currency inflows. The banks are set to report their earnings on Saturday.
Key Facts
- The Reserve Bank of India's latest measures aim to attract foreign currency inflows, which is expected to lift optimism for some of the country's largest private sector banks.
- HDFC Bank and ICICI Bank are exploring the option of offering foreign exchange deposits as a strategy to enhance their margins.