RBI deputy governor Rohit Jain stated that banks will likely deploy additional liquidity from FCNR deposits soon. He noted that strong credit demand is anticipated during the festive season. Banks have mobilised $133 billion under the FCNR(B) deposit scheme, which closed on August 31. Discussions with banks regarding their liquidity position occurred following these inflows. The central bank observed broad-based credit demand across various sectors without the need for caution.