Storia in 4 fonti

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

Banks may struggle to retain FCNR (B) deposits as NRIs consider premature closures for higher interest rates on new deposits.

Raccontata da

thehindubusinessline.com

economictimes.indiatimes.com

cryptobriefing.com

newsbytesapp.com

Confronto fonti

4 prospettive sulla stessa storia

AI · summaries

thehindubusinessline.comStai leggendo1 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.

originale

Timeline cronologica

venerdì 12 giugno 2026·thehindubusinessline.com
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.
venerdì 12 giugno 2026·economictimes.indiatimes.com
RBI move sparks race among banks to raise FCNR(B) deposit rates; smaller lenders offer over 7% on USD deposits
Banks are aggressively increasing interest rates on NRI dollar deposits. This move follows a special RBI dispensation to boost foreign currency inflows. Several lenders are now…

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

Confronto fonti

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

Timeline cronologica

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

RBI removes interest rate cap on new FCNR(B) deposits

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

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

SBI revises FCNR(B) interest rates up to 5.75%: NRIs, OCIs & POIs can earn more on these deposits - The Economic Times

Looking for over 17% return from FCNR deposit through leverage? Check pitfalls before getting lured - The Economic Times

Canara Bank launches new FCNR(B) Special Deposit Scheme for NRIs

Banks dangle mega returns to lure NRIs to FCNR(B) deposits

New FCNR USD deposits offering up to 6.5% interest rate: Bank of Baroda, Indian Overseas Bank and others launch schemes for NRIs, OCIs -…

RBI temporarily eases NRI deposit rate norms to attract overseas funds

How NRIs, OCIs may benefit as RBI allows banks to offer higher interest rates on certain FCNRs, NREs - The Economic Times

RBI removes interest rate cap on new FCNR(B) deposits

RBI temporarily withdraws rate caps on FCNR(B), NRE deposits till Sept 30

Attracting NRI inflows: RBI temporarily withdraws interest rate ceiling on fresh FCNR(B) deposits of 3-5 yr tenor