FCNR(B) scheme

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Last Updated: Just Now

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Banking, Fintech & Insurance 26 Oct 2026, 08:00 PM IST

FCNR(B) Buffer Buys India Time, but $170 Billion Repayment Wall Looms: Uday Kotak

Uday Kotak has described India’s more than $130 billion FCNR(B) mobilisation as a powerful insurance buffer against global volatility, saying it has bought the country three to five years of breathing room. But he warned that the same deposits will eventually need to be repaid with interest, creating a looming $160 billion to $170 billion obligation over the next three to five years. Kotak said the window should be used to deepen reforms, lift productivity and strengthen domestic competitiveness rather than assume the cushion is permanent.

By RDU Global Wire5 min read

Banking, Fintech & InsuranceJust now (11:25 AM IST)

FCNR(B) Deposits Could Deliver Rs 5.5 Trillion in Notional Gains for Banks, RBI: SBI Research

SBI Research has argued that Foreign Currency Non-Resident Bank deposits under the FCNR(B) scheme could generate as much as Rs 5.5 trillion in notional profit for banks and the Reserve Bank of India, challenging earlier concerns that the programme would impose heavy losses. The report says the mobilised foreign currency funds can support additional credit growth, while hedging costs remain manageable and the RBI may also benefit from improved profitability.

6 min readRead →

Banking, Fintech & InsuranceJust now (04:27 AM IST)

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.

5 min readRead →

Banking, Fintech & Insurance22 Oct 2026, 02:00 PM IST

Private Banks See Margins Squeeze as FCNR Deposits Lift Funding Costs

India’s leading private sector banks reported a narrowing in net interest margins in the second quarter, as the cost of foreign currency non-resident deposits weighed on funding profiles. Analysts said the leveraged structure of FCNR deposits, combined with faster repricing of assets as interest rates eased, created a sharper squeeze on profitability than many lenders had anticipated.

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Banking, Fintech & Insurance16 Oct 2026, 01:35 PM IST

DBS Chief Cites FCNR(B) Demand as Proof of Global Faith in India, Urges More FDI

DBS Bank chief executive Tan Su Shan said strong demand for FCNR(B) deposits shows overseas confidence in India even as concerns persist over capital outflows and rupee pressure. She argued that India needs more foreign direct investment and stronger exports to reinforce currency stability, while also highlighting the country’s AI opportunity.

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Banking, Fintech & Insurance16 Oct 2026, 08:27 AM IST

Indian Banks Seen Posting 11% Q2FY27 Profit Growth as FCNR Inflows Pressure Margins: Kotak

Indian banks are projected to deliver 11% year-on-year earnings growth in the second quarter of FY27, according to Kotak, with private sector lenders expected to outpace state-run peers. The brokerage said strong deposit inflows, particularly from FCNR accounts, should support balance-sheet growth but may temporarily compress net interest margins.

5 min readRead →

Banking, Fintech & Insurance16 Oct 2026, 06:24 AM IST

RBL Bank Sees Margin Pressure Ahead as FCNR Deposits Flow Through, CEO Says

RBL Bank said its net interest margin is likely to moderate in the coming quarter as foreign currency non-resident deposits fully flow through the balance sheet, even after a strong September quarter marked by sharp growth in profit, lending and deposits. Chief executive R. Subramaniakumar said the bank’s recent deposit momentum, supported by FCNR(B) inflows, is beginning to reshape the funding mix and will weigh on margins in the near term.

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Banking, Fintech & Insurance16 Oct 2026, 04:41 AM IST

Indian Banks Seen Posting 11% Q2FY27 Profit Growth as FCNR Inflows Pressure Margins: Kotak

Indian banks are expected to report 11 percent year-on-year earnings growth in the second quarter of FY27, with private sector lenders likely to outpace public sector peers, according to Kotak. The brokerage said strong deposit growth, aided by FCNR inflows, should support balance sheets, but the same inflows may temporarily compress net interest margins. Asset quality, meanwhile, is expected to remain broadly stable.

5 min readRead →

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Uday Kotak(1)India(1)