Festive Cheer: Banks Set to Lend FCNR(B) Funds Cautiously

With festive cheer on the horizon, banks are ready to unleash a whopping $133 billion from FCNR(B) deposits, says RBI's Rohit Jain. They're excited to lend but will tread carefully, focusing on replacing pricey deposits first. Meanwhile, India's forex reserves are shining bright, making us the fifth-largest holder globally. It's all about smart moves and cautious lending, folks!