RBI's FCNR Window Sparks Dollar Rush! $1 Bn Already! What's Next? Canara Bank CEO Explains

Canara Bank is stepping up its global fundraising strategy under the RBI's special FCNR deposit window. In this exclusive conversation with Business Today TV, MD & CEO Brajesh Kumar Singh reveals the bank's ambitious target of mobilising $2.3-$2.5 billion through FCNR deposits, ECBs and OFCV. The bank has already crossed the $775 million milestone and expects to surpass $1 billion shortly, with confidence of meeting its full-year goal. The management also explains why FCNR inflows are accelerating, how the RBI's swap facility supports the initiative, and why redemption risks remain manageable based on the successful 2013 experience. Watch the complete interview for key insights into Canara Bank's dollar mobilisation strategy and outlook.