Fcnr(b)

Bank deposits shrink as lenders cut high-cost bulk funds amid FCNR inflows

Aggregate deposits decline by ₹6,534 crore and bank credit by ₹70,639 crore in the fortnight ended August 15; credit-deposit ratio moderates to 81.72 per cent

RBI relaxes weekly access rule for FCNR(B) swaps above $100 million

Banks can now access the concessional dollar-rupee swap facility for transactions above $100 million without waiting for their designated weekly window

NRI deposit inflows fell 23% to $2.78 billion in Apr-Jun: RBI data

Outstanding NRI deposits stood at $168.51 billion at the end of June, while FCNR(B) deposits recorded inflows of $1.73 billion during April-June FY27

Strong inflows via RBI's swap schemes lift reserves, fail to boost rupee

As RBI largely maintains hands-off approach to intervention

Bond yields harden, rupee slips on hawkish MPC, rising crude oil

Benchmark 10-year government bond yield rose to 6.85% during the week, while the rupee weakened to 95.71 per dollar amid higher crude prices and hawkish MPC signals

Govt bonds log worst week in FY27 on RBI's premature end to FCNR (B) scheme

The selloff in bonds was amplified by a spike in crude prices that intensified inflation and rate hike fears for the world's third-largest oil importer

Five-year bond yield hardens as FCNR(B) position unwinding weighs on trade

Five-year bond yield hardens by around 10 basis points in two sessions as traders unwind FCNR(B)-linked positions following the RBI's early closure of the swap window.

Global headwinds: Robust swap inflows lift rupee just 0.1% vs 8.8% in 2013

Global factors weigh on the currency despite sizeable FCNR(B) inflows, as economists flag tight financial conditions, volatile energy markets and competition for capital

RBI's August 31 deadline nears: Private banks step up FCNR(B) push

Banks are raising interest rates, using website countdown timers, fast-tracking deposit commitments and tapping overseas bond markets as the RBI deadline approaches

$10.5 bn FCNR (B) swap cost over 5 years is 1.45% of forex kitty: Report

Cost is unlikely to have constrained RBI's decision to close the swap window early; reserves could rise to $800 billion over five years, the report said

Axis Bank raises FCNR(B) rate to 6.4%, highest among large banks

The lender raised the rate on FCNR(B) deposits above $1 million for a three-to-five-year tenor as banks step up mobilisation after the RBI shortened its swap window

FCNR(B) swap window explained: Why RBI opened it, then advanced deadline

RBI has brought forward the deadline for its special FCNR(B) swap window to August 31. Here's what it means

Bond yields surge after RBI announces early dollar deposit window closure

The move, announced late Friday, surprised traders after Reserve Bank of India Governor Sanjay Malhotra had ruled out an early closure as recently as the Aug. 5 policy meeting

Banks race for dollar deposits as RBI curtails FCNR (B) swap window

Despite early closure, experts expect total inflow of $60-70 bn by Aug-end

Puzzling policy: Premature ending of FCNR (B) swap raises questions

From the turn of events, it would appear that the scheme was not adequately thought through

Inflows over $52 bn, RBI opts to shut FCNR(B) tap ahead of schedule

Forex booster gambit to end Aug 31, a month ahead of schedule

Central Bank of India mobilises $250 million under FCNR (B) window: CEO

State-owned lender Central Bank of India has mobilised USD 250 million under the FCNR-B window introduced by the Reserve Bank of India (RBI), a senior bank official said on Wednesday. Central Bank of India has surpassed the USD 100 million target set for July, garnering USD 250 million. "We have surpassed the July target set internally, and mobilised USD 250 million under FCNR - B," Kalyan Kumar, Managing Director and Chief Executive Officer of Central Bank of India, said on the sidelines of the annual FIBAC event here. He said that the Central Bank of India has raised funds through its GIFT City branch and has set a target of USD 400 million by September end, the closure date fixed by the RBI for the special swap window. During the post-June quarter earnings conference, Kumar had said that the Bank expects to accumulate a total of USD 400 million. A senior executive of the Bank had earlier said that it is looking to raise the deposits from the Middle East and Australian markets.

'More than we can handle': StanChart's PD Singh on FCNR deposits

"We are in a very critical phase where foreign capital will find its way to India if we are able to articulate the benefits we have," Singh said

FCNR (B) swaps: Weekly bank slots delay RBI's dollar receipts

Liquidity surplus at ₹3.48 trillion; RBI lines up ₹1.25 trillion VRRR

FCNR(B) flows pour into 5-year G-secs under RBI's concessional swap window

Foreign lenders with relatively small loan books emerge most active buyers; bond yields soften