India's banks attracted $136.38 billion through the Reserve Bank of India's forex swap facility as of August 31, with most funds coming through a dollar deposit scheme targeting the Indian diaspora. Moody's said the foreign currency non-resident (bank), or FCNR(B), deposits would strengthen bank funding and liquidity, help contain rising loan-to-deposit ratios and reduce pressure to compete for domestic deposits. Some lenders could also replace higher-cost wholesale funding. The three- to five-year maturities improve funding stability but create refinancing and maturity-concentration risks because a significant volume was raised over a short period.