SBI Research has argued that FCNR(B) deposits may generate a far larger economic benefit than previously assumed, potentially creating about Rs 5.5 trillion in notional profit for banks and the Reserve Bank of India. The report says earlier estimates overstated the scheme’s costs, while the liquidity mobilized through these deposits could support credit growth and improve interest income for lenders.
🇮🇳 India Edition • Banking, Fintech & InsuranceRDU GLOBAL CORRESPONDENT
VERIFIED WIRE INTELLIGENCE
"SBI Research Says FCNR(B) Deposits Could Deliver Rs 5.5 Trillion Notional Gain for Banks, RBI"
SBI Research has argued that FCNR(B) deposits may generate a far larger economic benefit than previously assumed, potentially creating about Rs 5.5 trillion in notional profit for banks and the Reserve Bank of India. The report says earlier estimates overstated the scheme’s costs, while the liquidity mobilized through these deposits could support credit growth and improve interest income for lenders.
SBI Research Says FCNR(B) Deposits Could Deliver Rs 5.5 Trillion Notional Gain for Banks, RBI
R
RDU Global Wire
Banking, Fintech & Insurance Desk
New Delhi, India Just now (04:27 AM IST)•5 min read
SBI Research has argued that FCNR(B) deposits may generate a far larger economic benefit than previously assumed, potentially creating about Rs 5.5 trillion in notional profit for banks and the Reserve Bank of India. The report says earlier estimates overstated the scheme’s costs, while the liquidity mobilized through these deposits could support credit growth and improve interest income for lenders.
Editorial & Verification Notice
Reported by RDU Global Correspondent. Formatted and verified using real-time institutional and journalistic wire feeds. Independent reporting adhering to the RDU Global Editorial Code of Conduct.
Related Coverage
Banking, Fintech & Insurance
15 Nov 2026, 02:00 PM ISTRBI Extends Supersession of Abhyudaya Co-operative Bank Board by One Year
The Reserve Bank of India has extended the supersession of the Board of Directors of Abhyudaya Co-operative Bank until November 24, 2025, prolonging central bank oversight of the lender. Satya Prakash Pathak will continue as Administrator as the RBI seeks to strengthen governance and address material concerns over the bank’s operations.
Banking, Fintech & Insurance
15 Nov 2026, 02:00 PM ISTHybrid Capital Gains Ground as India Inc Faces a Narrower Funding Menu
Hybrid capital is drawing wider acceptance in India as borrowers confront a shrinking set of financing options beyond traditional bank lending, according to Bain Capital Special Situations partner Sarit Chopra. The Boston-based private equity firm says demand is rising across cross-border acquisitions, carve-outs and promoter deleveraging, with its special situations arm deploying $1.2 billion in calendar 2026 and targeting sustained annual deployment of about $1 billion.
Banking, Fintech & Insurance
15 Nov 2026, 02:00 PM ISTHDFC Bank Wins Approval to Offer CGAS Deposits, Expanding Tax-Saving Parking Options
HDFC Bank has received government authorisation to accept deposits under the Capital Gains Accounts Scheme (CGAS), 1988, giving taxpayers a new bank channel to temporarily park eligible capital gains while preserving tax exemption benefits. The facility will allow customers to place unused proceeds in savings accounts or fixed deposits for up to three years and earn interest during the holding period.