Special FCNR (B) deposits final tally at $133 billion: RBI
With the special 85-day FCNR (B) deposit scheme ending on August 31, mobilisation by banks under OFCB route too has slowed
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With the special 85-day FCNR (B) deposit scheme ending on August 31, mobilisation by banks under OFCB route too has slowed
NRE inflows plunge sharply during the April-July period
SBI Research report estimates that the enhanced FCNR(B) liquidity could support nearly ₹25 lakh crore of additional credit in the banking system
UAE-based NRIs face a choice between keeping their dollar-linked savings abroad and moving some funds into FCNR(B) deposits in India for fixed returns. With the rupee’s long-term d...
The RBI had announced the USD-INR Forex Swap facility covering FCNR(B) deposits, External commercial borrowings (ECBs) and Overseas foreign currency borrowings (OFCB) inflows on Ju...
As per provisional business figures, India’s largest private sector bank reported a 18.8% year-on-year (yoy) growth in deposits and 16.3% yoy growth in gross advances in the report...
Of this, $132.980 billion came through FCNR(B) deposits, while overseas foreign currency borrowings (OFCBs) brought in $5.320 billion, and external commercial borrowings (ECB) $5.2...
SFBs accounted for less than 1% of total FCNR(B) deposits mobilised during the recent deposit mobilisation drive, with universal banks benefiting from their larger scale, broader p...
The $136.4 billion FCNR(B) inflow has strengthened system liquidity, with NBFCs and small private banks emerging as potential bigger beneficiaries. Jefferies says the liquidity boo...
India’s forex reserves have surged to a record $729.3 billion after non-resident Indians (NRIs) poured $100 billion into the RBI’s FCNR(B) scheme, far exceeding expectations and pr...
Surplus liquidity in banking system at about ₹10.50 lakh crore as on September 9, the SBI Chair
India’s banking sector has mobilised USD 73 billion in foreign exchange inflows in less than 11 weeks under the Reserve ... Read More
According to the Prime Database, banks have raised Rs 68,130 crore through CDs in August, the lowest since April 2026.
Citi said FCNR-B inflows are a key catalyst for Kotak Mahindra Bank, with the bank initially using the funds to replace high-cost wholesale deposits and borrowings before deploying...
ICICI Bank reported a 20% rise in second-quarter net profit, helped by an 18% increase in core net interest income. However, core profitability edged lower as FCNR(B) deposits weig...
India’s banking system is facing a sharp liquidity surplus of nearly ₹10 lakh crore, driven partly by strong FCNR-B inflows, which could keep short-term interest rates under pressu...
Bank advances against fixed deposits grew faster than overall credit, while foreign-currency deposit and borrowing inflows crossed $143 billion by September 18.
The move comes as banks prepare to manage increased dollar liquidity and rising hedging costs ahead of the special deposit scheme deadline.
RBI officials emphasised that loan pricing should be risk-based
Indian banks' Q2FY27 earnings seen rising 11%; FCNR deposits may weigh on margins- Kotak
Under the revised framework, banks will have to disclose applicable bulk deposit rates by 10 am on every working day. A 10-minute grace period will be available, allowing banks to...
Rupee bonds having an outstanding maturity of at least three years from NDB has been included along with those issued by the International Bank for Reconstruction and Development,...
The notifications cover rupee-denominated bonds issued by the multilateral lender and tax relief procedures for eligible overseas investors in government securities
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