Friday, June 12, 2026 | 07:51 AM ISTहिंदी में पढें
Fcnr Redemptions
Axis Bank matches peers with 6% FCNR(B) rate under RBI's spl deposit scheme
Axis Bank has increased FCNR(B) deposit rates by up to 305 basis points, joining several lenders seeking to attract foreign currency inflows under the RBI's special swap facility
 "Axis Bank matches peers with 6% FCNR(B) rate under RBI's spl deposit scheme")
Updated On : 11 Jun 2026 | 12:54 PM IST
Dollar draw: Domestic banks raise their FCNR (B) deposit rates sharply
Major lenders have increased FCNR(B) deposit rates after the RBI offered to absorb hedging costs, a move aimed at attracting foreign currency inflows from NRIs
 "Dollar draw: Domestic banks raise their FCNR (B) deposit rates sharply")
Updated On : 11 Jun 2026 | 10:19 AM IST
Inflows in NRI deposits increases nearly 10% in FY25, shows RBI data
NRI deposits in Indian banks grew 9.9% in FY25 with FCNR(B), NRE and NRO deposits all rising; total outstanding touched $164.7 billion by March-end, RBI data showed
 "Inflows in NRI deposits increases nearly 10% in FY25, shows RBI data")
Updated On : 22 May 2025 | 11:56 AM IST
FCNR redemptions won't be disruptive, say bankers
There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed
 "FCNR redemptions won't be disruptive, say bankers")
Updated On : 11 Sep 2016 | 11:15 PM IST