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

Banks are poised to save approximately ₹4,000 crore annually by raising deposits through FCNR(B) accounts, as the RBI covers hedging costs, making them cheaper than domestic fixed deposits. Industry experts anticipate $35-45 billion in FCNR(B) inflows, offering significant liquidity relief to banks facing deposit growth challenges.

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thehindubusinessline.com

economictimes.indiatimes.com

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economictimes.indiatimes.comStai leggendo1 mese fa

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

RBI's FCNR(B) window (June–September) lets banks raise $35–45B hedged forex deposits, saving ₹4,000 crore yearly versus domestic fixed deposits. CRR/SLR exemptions free capital for lending, easing deposit pressure and supporting margins amid elevated credit-deposit ratios industry-wide.

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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.

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) window may save banks Rs 4,000 crore

Confronto fonti

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

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

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

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