HSBC, SBI and ICICI Bank get half of India's FCNR flows under incentive window

HSBC, SBI and ICICI Bank got half of India's FCNR flows under the incentive window. Official data showed these three banks led the inflows to strengthen the rupee. Junior finance minister Pankaj Chaudhary said, "The increase in foreign exchange reserves and banking system liquidity will depend on the total amount."