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The Economic Times

World

ICICI Bank raises $17.88 billion through FCNR(B) deposits amid strong demand

ICICI Bank India Reserve Bank of India RBI

New Delhi: Private sector lender ICICI Bank on Wednesday said it has mobilised gross USD 17.88 billion through FCNR(B) deposits up to August 31, the closing date of the concessional swap facility.

The facility was announced in June as part of the RBI's efforts to strengthen India's external sector position and support foreign exchange liquidity amid global market uncertainties.

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