Page 2 - Fcnr(b)

Revolving credit ban will impact a larger section, NBFCs tell RBI

Industry seeks clarity on products allowing limited redraw and supply-chain finance, as well as whether recovery calls can be made through the mandated 1600-number series

Nifty Bank jumps 1% as solid FX inflows spur liquidity, credit growth hopes

The gains in bank stocks come against a backdrop of a sharp surge in foreign-currency inflows, which has boosted liquidity across the banking system.

Rupee gains 69 paise, hits highest level since June on bumper FCNR inflows

The domestic currency touched an intraday high of 94.27 in morning deals, its highest level since June 29, according to Bloomberg data.

Best of BS Opinion: External, financial sectors need sustained engagement

Today's opinions examine India's external vulnerabilities, SCO diplomacy, the limits of industrial policy, governance questions at Tata Sons and lessons from five decades of Indian advertising

ICICI Bank mobilises $17.88 billion via FCNR (B) under RBI swap facility

The private sector lender deployed around $9 billion as loans and issued standby letters of credit worth $3.63 billion against deposits mobilised under the facility

GIFT-IFSC banks sanction $54 billion under RBI's FCNR(B) swap facility

Twenty international banking units sanctioned $54.02 billion and disbursed $52.82 billion under the facility by August-end, according to IFSCA data

FCNR (B) haul soars to $127 bn on final sprint exceeding mkt expectations

Banks mobilised $127.2 billion through the FCNR(B) swap window by August 31, taking total forex inflows under the RBI facility to $136.4 billion

RBI's forex swap window draws $136.37 billion, FCNR (B) leads inflows

FCNR(B) deposits accounted for $127.22 billion of the total inflows, while overseas foreign currency borrowings added $5.26 billion and ECBs $3.89 billion

FCNR(B) inflows cross $100 billion, beat RBI's $80-billion estimate: Report

The FCNR(B) window closed on Monday, but banks can use the RBI's swap facility for deposits already contracted until September 11

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