Axis Bank says FCNR flows present large opportunity, share in foreign deposit flows to be higher than its organic market

Axis Bank expects its share of RBI-backed FCNR(B) deposit inflows to exceed its overall market share, as it courts NRI money to support growth and margins.

The bank's net interest margin fell to a multi-quarter low of 3.46%, though it expects this to be the bottom of the cycle. ...