Banks may mop up $5 bn from NRI fund swap facility: SBI Report

An SBI research report on Friday said banks are likely to net USD 5 billion by March, 2014 by availing RBI's special window facility to swap foreign currency non-resident (FCNR) dollar funds -- half of what experts from foreign brokerages have initially estimated.

Banks could mobilise up to $10 billion from abroad: Experts

The Reserve Bank's move to allow a special window to swap foreign currency non-resident (FCNR) dollar funds for boosting foreign fund inflows is likely to fetch around USD 10 billion, say experts.