RBI data showed banks mobilised $127.2 billion through FCNR(B) deposits, while analysts expect the inflows to support liquidity, credit growth and lower rates
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
Deputy Governor Shirish Chandra Murmu says diversified funding, securitisation, stronger governance and sound underwriting are key to sustainable growth in the sector
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
Twenty international banking units sanctioned $54.02 billion and disbursed $52.82 billion under the facility by August-end, according to IFSCA data
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
Deputy Governor Shirish Chandra Murmu calls for robust internal controls, greater technology adoption and timely resolution of weak urban cooperative banks
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
The FCNR(B) window closed on Monday, but banks can use the RBI's swap facility for deposits already contracted until September 11
The lender has also issued $3.63 billion in guarantees to other banks for loans backed by the deposits In June, the Reserve Bank of India introduced a set of foreign exchange measures
From Subbarao and Rajan's crisis-era outreach to Patel's reticence and Das' Governor's Statements, the RBI's communication has evolved alongside India's economic challenges
Ray, who was serving as regional director for Maharashtra before his elevation, will look after the DICGC and Premises Department as executive director
In September 2026, banks in India will mark holidays for regional celebrations, as per the RBI calendar. Customers must confirm local bank timetables before visiting
Banks parked Rs 3.84 trillion against the Rs 10 trillion notified in Monday's VRRR auctions, while the benchmark 10-year government bond yield rose to 6.95 per cent
Through July 31, FCNR(B) deposits had accounted for $36.7 billion of the total $40.8 billion in foreign exchange inflows mobilised under the measures.
Growth was largely driven by mark-to-market gains amid a rally in key global markets and rising investor interest in overseas schemes as domestic markets underperformed
RBI's net short dollar position rose from $103.33 billion at June-end as the central bank remained active in the forward market amid depreciation pressure on the rupee
Industrial credit growth accelerated from 6.5 per cent a year earlier, while loans against gold jewellery grew 88.1 per cent, down from 136.4 per cent
That swing has been made possible by a shift in forex management policy that was forged in the fire of the balance-of-payments crisis of 1991
The rupee recovered after briefly falling to 95.60 as RBI intervention offset pressure from higher oil prices and growing expectations of a US interest-rate hike