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

The Indian government's decision to cover hedging costs for FCNR(B) deposits until September 2026 has enabled banks to offer higher interest rates, exceeding 7%. This allows NRIs to leverage these deposits for potentially greater returns, though risks associated with fluctuating borrowing costs and foreign taxes remain.

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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.

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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.

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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…

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

Confronto fonti

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

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

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

RBI pushes banks to bring more dollars home

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

To drive up NRI investments, banks make FCNR deposits attractive with up to 7.1% return on dollar deposits - The Economic Times

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