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    <title>FCNR (B) Flows caused Surge in International Rupee Liabilities of Indian Banks in 2013</title>
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    <description>RBI&#039;s 2013 International Banking Statistics show international liabilities of Indian resident banks rose sharply-35.8% y o y in December 2013-largely from FCNR(B) deposits and foreign currency borrowings; international assets also grew 23.4% y o y. The US dollar share of locational liabilities rose to 40.5%. Consolidated claims increased on both immediate and ultimate risk bases, with faster growth in non bank exposures and notable concentration towards USA, UK, UAE, Singapore, Germany and Hong Kong. Detailed LBS and CBS tables and maturity/sector breakdowns accompany the release, with methodological comparability notes.</description>
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    <pubDate>Sat, 31 May 2014 12:38:52 +0530</pubDate>
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      <title>FCNR (B) Flows caused Surge in International Rupee Liabilities of Indian Banks in 2013</title>
      <link>https://www.taxtmi.com/news?id=12753</link>
      <description>RBI&#039;s 2013 International Banking Statistics show international liabilities of Indian resident banks rose sharply-35.8% y o y in December 2013-largely from FCNR(B) deposits and foreign currency borrowings; international assets also grew 23.4% y o y. The US dollar share of locational liabilities rose to 40.5%. Consolidated claims increased on both immediate and ultimate risk bases, with faster growth in non bank exposures and notable concentration towards USA, UK, UAE, Singapore, Germany and Hong Kong. Detailed LBS and CBS tables and maturity/sector breakdowns accompany the release, with methodological comparability notes.</description>
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      <pubDate>Sat, 31 May 2014 12:38:52 +0530</pubDate>
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