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Smaller lenders offer over 7% on USD deposits in bid to attract FCNR(B) deposit rates

Smaller banks raise FCNR(B) deposit rates over 7% as RBI aims to boost US dollar inflows from NRIs.

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economictimes.indiatimes.com

thehindubusinessline.com

thehindu.com

cryptobriefing.com

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AI · summaries

thehindubusinessline.com1 mese fa

FCNR (B) deposits: Banks’ may face a tricky situation

RBI raised FCNR(B) rates to 6-7% with hedging subsidy through September to attract $40-45 billion in foreign capital. The 200+ basis point differential drives early rollovers of existing deposits; banks absorb unsubsidized hedging costs or lose depositors.

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Timeline cronologica

mercoledì 10 giugno 2026·economictimes.indiatimes.com
Some lenders hike rates on FX deposits for non-resident Indians - The Economic Times
Indian banks have significantly increased interest rates on foreign currency deposits for Non-Resident Indians, with some hikes reaching 350 basis points. This move follows the…
mercoledì 10 giugno 2026·economictimes.indiatimes.com
Banks pay 7% on dollar deposits as India seeks fresh foreign currency
Indian banks are significantly increasing rates on foreign-currency deposits to attract overseas residents, testing the central bank's new measures to boost capital inflows and…

Smaller lenders offer over 7% on USD deposits in bid to attract FCNR(B) deposit rates

Confronto fonti

FCNR (B) deposits: Banks’ may face a tricky situation

Timeline cronologica

Some lenders hike rates on FX deposits for non-resident Indians - The Economic Times

Banks pay 7% on dollar deposits as India seeks fresh foreign currency

Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflows

Banks target Indian diaspora in $50B deposit drive to support the rupee

Bank of Baroda launches new FCNR (B) Deposit Scheme for NRIs

FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move? - The Economic Times

Latest FCNR interest rates: HDFC Bank, SBI, ICICI Bank, PNB, Central Bank of India and more - The Economic Times

Banks raise NRI deposit rates to draw dollar inflows - The Economic Times

Banks kick-off rate hikes on FCNR (B) deposits

Banks hike FCNR(B) deposit rates to attract NRI funds after RBI forex swap move

Bank of Baroda launches new FCNR (B) Deposit Scheme for NRIs

Smaller lenders offer over 7% on USD deposits in bid to attract FCNR(B) deposit rates

RBI move sparks race among banks to raise FCNR(B) deposit rates; smaller lenders offer over 7% on USD deposits

FCNR interest rates up to 7.13%: NRIs, OCIs, POIs can earn higher returns as PNB, ICICI Bank, Axis Bank and others revise rates - The…

Banks target Indian diaspora in $50B deposit drive to support the rupee

PNB, Ujjivan raise FCNR deposit rates

Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflows

FCNR (B) deposits: Banks’ may face a tricky situation

FCNR(B) window may save banks Rs 4,000 crore