Page 3 - Fcnr(b)

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

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