Storia in 3 fonti

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

FCNR(B) interest rates: The Reserve Bank of India's announcement to bear hedging costs for FCNR(B) deposits has prompted SBI to revise its interest rates. NRIs can now earn up to 6% per annum on US dollar-denominated FCNR(B) deposits, with rates varying by amount and tenure.

Raccontata da

cryptobriefing.com

economictimes.indiatimes.com

thehindubusinessline.com

Confronto fonti

3 prospettive sulla stessa storia

AI · summaries

thehindubusinessline.com1 g 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.

Leggi questa versione → originale

economictimes.indiatimes.com1 g 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.

Timeline cronologica

venerdì 12 giugno 2026·cryptobriefing.com
Banks target Indian diaspora in $50B deposit drive to support the rupee
India's RBI reopens FCNR(B) deposit window to attract up to $60 billion from NRIs abroad, offering 5.5%-7% rates on dollar deposits to stabilize the rupee.
venerdì 12 giugno 2026·economictimes.indiatimes.com
PNB, Ujjivan raise FCNR deposit rates
Punjab National Bank and Ujjivan Small Finance Bank have raised interest rates on FCNR(B) USD deposits for Non-Resident Indians. This move follows the RBI's announcement of a…

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

Confronto fonti

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

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

Timeline cronologica

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

PNB, Ujjivan raise FCNR deposit rates

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

Confronto fonti

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

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

Timeline cronologica

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

PNB, Ujjivan raise FCNR deposit rates

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

Banks seek RBI nod on Guarantee Rule to boost NRI deposit inflows

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