Fcnr News

State Bank of India (SBI) expects to deploy foreign currency deposits over three to four months and plans to integrate agentic AI across its operations to enhan

Axis Bank CEO Amitabh Chaudhry states that the boost to bank credit growth from recent FCNR deposits may be temporary, anticipating rising domestic interest rat

The RBI's dollar mobilization drive has exceeded expectations, attracting $136.4 billion, but this has created a liquidity surplus in the banking system, posing

India received a record $127 billion under the FCNR window, with the RBI's dollar swap facility attracting a total of $136.4 billion by August 31. FCNR-B deposi

The Reserve Bank of India's (RBI) recent U-turn on FCNR policy has reportedly undermined policy certainty.

A report projects that concessional swap windows, including FCNR and ECB measures, are expected to attract $90-95 billion in capital inflows for India by FY27.

Punjab National Bank is raising $1 billion through a five-year loan with international financiers to enhance its FCNR on-lending capabilities, utilizing the Res

Anindya Banerjee of Kotak Securities predicts FCNR(B) inflows could reach $60-70 billion, significantly boosting the Indian Rupee. Inflows have already hit $32

India is projected to receive up to $85 billion in forex inflows following the RBI's FCNR move, with public sector banks leading the mobilization effort. This i

Axis Bank anticipates a higher share of RBI-backed FCNR(B) deposit inflows than its organic market share, as it seeks NRI funds to boost growth and margins. Thi

IDBI Bank has enhanced its FCNR offering, providing up to 16% effective annual returns and allowing customers to borrow up to 12 times their deposit amount thro

The Reserve Bank of India is investigating the slow pace of FCNR deposit inflows, with bankers explaining that such deposits typically take time to gain momentu

India's forex reserves increased by $7.3 billion to $674 billion in the week ending July 3, driven by a rise in FCNR and ECB flows. Foreign currency assets grew

The Reserve Bank of India is scheduled to review foreign currency deposit inflows next week, prompted by escalating tensions in the Middle East and the potentia