RBI's FCNR(B) swap window spurs 86% jump in NRI dollar deposits in under two months

Aug 03, 2026

The Reserve Bank of India's (RBI) special concessional swap facility for Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits has led to a sharp surge in...

RBI move sparks race among banks to raise FCNR(B) deposit rates; smaller lenders offer over 7% on USD deposits

Jun 12, 2026

Competition among banks to attract foreign currency deposits from Non-Resident Indians (NRIs) has intensified after the Reserve Bank of India (RBI) announced a special...

Amid strong forex inflows, RBI to end FCNR(B) swap facility early

Aug 14, 2026

The Reserve Bank of India (RBI) has decided to prematurely close the deposit mobilisation window under its special forex swap facility for FCNR(B) deposits,...

FCNR(B) deposits may pressure banks’ margin as overseas spreads remain limited: Motilal Oswal

Sep 03, 2026

Banks may face near-term pressure on their net interest margins (NIMs) due to limited spreads on the overseas leveraged portion of FCNR(B) deposits,...

FCNR deposits can improve banks’ equity returns despite margin pressure: Report

Sep 04, 2026

Foreign currency non-resident (FCNR-B) deposits are likely to improve banks’ return on equity (RoE) despite a marginal pressure on net interest margins (NIM), as...

Large banks, foreign lenders likely to benefit from FCNR-B, ECB inflows; NIMs to stay range-bound: Report

Sep 01, 2026

Inflows through FCNR(B) deposits and ECBs are likely to support banks' funding needs at reasonable costs, benefiting large private/public sector banks and foreign lenders,...