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Foreign banks have edge over local banks in FCNR(B): Nomura

Leverage is a key factor in FCNR (B) and obviously when it comes to availing of leverage it is the foreign banks which have an advantage because they can use their home country balance sheets or parent balance sheets to provide that leverage, says Neeraj Gambhir, co-head of fixed income at Nomura.

first published: Oct 5, 2013 05:01 pm