Fcnr(b)

PSBs target nearly $30 billion under RBI's concessional forex swap window

State-owned banks are targeting nearly $30 billion through foreign currency deposits and borrowings under the RBI's concessional swap window as inflows remain robust

RBI eases bank PSL calculation for loans backed by non-resident deposits

Advances backed by eligible fresh FCNR(B) and NRE deposits mobilised during specified periods will be excluded from adjusted net bank credit used to determine PSL targets

MUFG lifts RBI forex inflow forecast to $87 bn as FCNR(B) flows surge

Japanese lender MUFG has raised its estimate of inflows under the RBI's concessional forex measures to $87 billion, citing robust FCNR(B) deposit mobilisation

'Our endeavour is to bring inflation in line with target over medium term'

RBI Governor Sanjay Malhotra said policy will remain guided by headline inflation and evolving growth dynamics, while reaffirming the central bank's data-dependent approach

No early closure of FCNR (B) swap window: RBI Governor Sanjay Malhotra

Governor Sanjay Malhotra says mobilisation under the concessional FCNR(B) swap window remains robust, with no proposal to close the scheme before its September 30 deadline

RBI sees liquidity surplus peaking in September before normal absorption

Governor Sanjay Malhotra says surplus liquidity is likely to peak around September before being absorbed through higher currency circulation, reserve requirements and maturing forex forwards

RBI policy a cautiously constructive hold; focus on liquidity management

The RBI is more likely to use temporary liquidity absorption tools than tighten its policy stance or rates ahead, while system liquidity should improve as government spending accelerates.

CD issuances plunge in July as mobilisation of FCNR(B) deposits spikes

Banks sharply cut certificate of deposit issuances in July as strong FCNR(B) inflows under the RBI's swap scheme eased liquidity pressures and lowered funding costs

Private banks step up FCNR (B) mobilisation with higher deposit rates

HDFC Bank and ICICI Bank have raised FCNR(B) deposit rates as lenders compete for foreign currency inflows ahead of the RBI's September-end swap window deadline

FCNR (B) deposits rose by $28 bn after RBI swap window: MoS Finance

Outstanding FCNR(B) deposits have risen to $60.55 billion from $32.56 billion since the RBI announced its concessional forex swap facility in early June

Foreign investors buy $8.44 bn debt, equity since RBI's June policy

Foreign portfolio investors have infused $8.44 billion into Indian debt and equity markets since the RBI's June policy measures aimed at attracting overseas capital

HDFC Bank raises 3-5 year FCNR(B) dollar deposit rate by 25 bps to 6.25%

The private sector lender raised its dollar deposit rate by 25 basis points as banks compete for non-resident funds before the RBI's concessional swap window closes

Canara Bank Q1FY27 results: Net profit rises 2.2% to ₹4,856 crore

State-owned lender reports steady quarterly earnings as higher net interest income offsets lower treasury income, while asset quality and loan growth continue to improve

FCNR(B) inflows may have crossed 2013 level in just 45 days: SBI Research

SBI Research now expects FCNR(B) deposits of $65-70 billion by the end of the scheme, significantly higher than its earlier estimate of $40-45 billion

Bank of Baroda's net profit slumps 72% on one-time settlement hit

The state-owned lender absorbed a one-time ₹5,700 crore settlement charge linked to NMC Health litigation, while core operating performance remained resilient

Bank of India Q1 profit grows 36% to ₹3,068 cr on healthy loan growth

Targets $1.2 bn FCNR (B) deposits, $2 bn overseas borrowing

HSBC leads in FCNR (B) deposit mobilisation with over $5 billion

HSBC has mobilised over $5 billion in FCNR(B) deposits under the RBI's swap scheme, leveraging its global network and expanding NRI banking presence in India

NRI deposit inflows fall 29% to $1.33 billion in April-May 2026: RBI

The moderation was driven by weaker inflows into NRE and FCNR(B) accounts, though recent RBI measures have triggered a sharp rise in fresh FCNR(B) deposits

UCO Bank posts 8% rise in Q1 profit; provisions more than double

The state-owned lender reported higher net interest and non-interest income in the June quarter, while provisions surged mainly due to tax-related liabilities

Best of BS Opinion: India's foreign exchange strategy needs stable capital

From forex inflows and examination reform to FPI policy, rupee depreciation and behavioural science, today's Best of BS Opinion examines India's key policy choices