SBI raises its FCNR (B) game with 9x leverage play under RBI scheme

SBI has launched a 9x leverage facility on FCNR(B) deposits under RBI’s special scheme.
For every $1 million deposited, customers can get loans up to $9 million.
With a 6% deposit rate and 5.4% loan rate, returns can go up to around 14%.

 

 

business-standard.

 

 

 

https://www.business-standard.com/companies/news/sbi-raises-its-fcnr-b-game-with-9x-leverage-play-under-rbi-scheme-126062000002_1.html