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HDFC Bank vs ICICI Bank: Why Jefferies sees these 2 banking giants benefiting from RBI’s new strategy

Posted on June 9, 2026
By Financial Express
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1 min read

HDFC Bank vs ICICI Bank: Why Jefferies sees these 2 banking giants benefiting from RBI’s new strategy

Jefferies believes HDFC Bank and ICICI Bank could benefit from RBI's revived FCNR-B and ECB scheme. Here's why the brokerage sees the banks in focus as India reopens a forex playbook that previously mobilised $34 billion.