Page 2 - Fcnr

Bank of Baroda raises FCNR (B) deposit rates by up to 50 bps within a week

The state-owned lender has increased rates across key maturity buckets, offering a peak return of 6.25 per cent on five-year FCNR(B) deposits

Banks seek out wealthy Indian diaspora in $50 billion deposit drive

Indian banks are targeting overseas nationals with high-yield dollar deposits to attract over $50 billion and bolster forex reserves amid rupee pressure

RBI's FCNR(B) scheme may help NRIs earn up to 27 per cent returns

Brokerages estimate leveraged FCNR(B) deposits could generate annual returns of up to 27 per cent for NRIs while helping banks attract $30-60 billion in fresh foreign currency inflows

ICICI, Axis, BoB raise FCNR(B) deposit rates to 6% after RBI move

Lenders are raising FCNR(B) deposit rates following the RBI's special swap window, with some private banks offering rates above 6 per cent to attract NRI inflows

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

Flows in NRI deposits drop 26.6% to $9.2 bn in April-November 2025: RBI

Inflows into NRI deposit schemes declined sharply during April-November 2025, dragged down by a steep fall in FCNR(B) deposits, even as NRE and NRO accounts recorded modest growth, RBI data showed

NRI deposit inflows dip to $8.3 billion in April-October, shows RBI data

NRI deposit inflows moderated to $8.3 billion in April-October FY26, mainly due to a sharp drop in FCNR (B) inflows, even as NRE deposits recorded higher inflows, RBI data showed

Flows into NRI bank deposits in India top $6 bn mark in April 2022-Feb 2023

Outstanding deposits decline in Feb 2023 over Jan 2023

In a U-turn, outstanding NRI deposits rise in October, shows RBI data

In July, the RBI took steps to enhance fresh inflows into NRI deposit accounts

Flows into NRI deposits surge in April-Sept, but outstanding amount falling

NRE deposits were at $100.8 billion in March

Flows into NRIs deposits moderate to $1.43 billion in Apr-Aug period

Outstanding NRI deposits declined to $134.68 billion at the end of August 2022 from $141.52 billion a year ago

SBI cuts savings deposit rate by 5bps to 2.7%;BoB raises FCNR deposit rates

State Bank of India (SBI) has reduced the interest rate on savings accounts by a marginal 5 basis points to 2.70 per cent effective from October 15. The new saving rates are applicable on balances of less than Rs 10 crore, on which the bank earlier offered 2.75 per cent per annum interest. The lowering of rates on savings accounts by SBI comes at a time when the peer lenders have been raising deposit rates to mobilise funds. However, on saving account balances of Rs 10 crore and above, SBI has increased the deposit rates to 3 per cent per annum from 2.75 per cent earlier. Bank of Baroda on the other hand hiked the interest rates on foreign currency non-resident (FCNR) deposits across various currencies and maturity periods by up to 135 basis points. The new deposit rates came to effect from October 16, 2022 and will remain in force till November 15, 2022, Bank of Baroda said in a release on Monday. The revised rates are applicable on fresh and existing FCNR deposits which are ren

Foreign fund flows remain weak for banks despite RBI's liberal steps

The measures have brought in $1.5-2 billion so far; response to relaxed FX norms tepid as US rates higher, RBI not acting as counterparty

YES Bank hikes interest rate on NRE, FCNR fixed deposits as norms are eased

RBI has taken several steps such as exempting banks from maintaining CRR and SLR on incremental NRE and FCNR (B) deposits, in order to attract dollars and protect the rupee

Flow of money into NRI deposits moderates to $3.23 bn in FY22: RBI data

Outstanding deposits have also gone down to $139.02 billion at the end of March 2022. This compares to $141.89 billion a year ago, according to Reserve Bank of India (RBI) data.

FCNR redemption pressures will be transient: BNP Paribas

It said that the RBI will dip into foreign exchange reserves to smoothen the volatility

India's external debt increases on FCNR(B) deposits

Banks had raised about $34 billion through the FCNR (B) from deposits from NRIs in September 2013, most of which are falling due this year

Adequate reserve to deal with FCNR redemption

After touching a record high last week, the country's foreign exchange reserves declined by $231 mn to $363.23 bn in the week ended June 10

Forget currency, FCNR redemption will test the equity markets the most

Past trends show that a weak rupee leads to outsize drops in the equity markets

Experts say FCNR(B) redemption to be smooth

RBI's proactive measures get credit for removing much of the worry