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FCNR B DEPOSITS EXEMPTION
Loans against FCNR B deposits exempt from priority sectorThe Reserve Bank of India has announced an exemption for loans against specific foreign currency deposits, particularly fresh FCNR(B) and N...- 19x leverage on FCNR(B) deposits and high returns may not work for NRIs based in Singapore in this caseFCNR (B) FD: For NRIs, the potential gains from FCNR(B) deposits may be undermined by Singapore's tax policies. Interest earnings from Indi...
- RBI's FCNR(B) scheme attracts $41 billion, Jefferies says inflows may double to $80-100 billionThe Reserve Bank of India's deposit scheme has attracted significant foreign currency inflows. This scheme is expected to mobilize up to on...
- Liquidity to peak in Sept, but big surplus won't last long: RBIThe Reserve Bank of India will absorb surplus liquidity from a special forex swap facility. This absorption will occur through higher curre...
- No case for early closure or extension of swap window: RBIThe Reserve Bank of India will not close the swap window early. Robust foreign currency inflows have strengthened India's balance of paymen...
- FCNR(B) is now Plan A for Gulf NRIs, leaving India-focused funds behindInvestment funds focused on India face fierce rivalry with the RBI's FCNR(B) deposit options. With investors drawn to the security of guara...
- Will FCNR (B) deposit scheme that's bringing billions of dollars to India end? RBI Governor says thisThe Reserve Bank of India will continue its special FCNR(B) deposit scheme. This scheme has already attracted tens of billions of dollars i...
- FCNR (B) FD interest rates up to 6.50%: SBI, HDFC Bank, PNB and others- which bank offers highest rate?For non-resident Indians, foreign currency non-resident bank fixed deposits remain a favored investment choice. With an uptick in interest ...
- $100 bn in sight: India is rolling in dollars but what about the rupee?Two months after the RBI launched special measures to attract foreign currency, banks have mobilised over $40 billion, led by FCNR(B) depos...
- SBI, HSBC lead FCNR(B) deposit mobilisationForeign currency deposits have significantly increased following a Reserve Bank of India swap facility. State Bank of India and HSBC are le...
- HDFC Bank, ICICI Bank raise FCNR (B) interest rates: Depositors to get up to 6.25% rates on select tenures; check detailsHDFC Bank and ICICI Bank have raised FCNR(B) deposit rates by twenty-five basis points. This increase applies to select US dollar FCNR(B) d...
- India sees dollar deposit deluge on FCNR(B) waveFCNR(B) deposits accounted for $36.72 billion of the inflows, exceeding the $26 billion mobilised under a similar scheme in 2013, in less t...
- RBI's FCNR, forex schemes draw $40.81 billion in inflows so farSignificant capital inflows have been recorded, thanks to the proactive measures taken by India's central bank. The Reserve Bank of India f...
- FCNR(B) hurdle: Singapore holds ground on withholding taxGiven the spread between interest offered on FCNR deposits and interest charged on loans, a 10% WTH on loan interest on tax grossed-up basi...
- FCNR(B) deposit drive could pressure banks' profitabilityBanks' leverage on FCNR(B) deposits could pressure profit margins. Overseas interest rates are lower, and lending spreads remain thin. This...
- Higher FCNR and NRE FD interest rates: This bank revises NRE rates to 7.60% and FCNR rates to 7.40%; check detailsAU Small Finance Bank has raised interest rates on FCNR(B) and NRE fixed deposits. These new rates are effective from July 27, 2026, for sp...
- Small, medium banks offer higher rates to attract NRI depositsSmall and mid-sized Indian banks are ramping up FCNR(B) deposit rates to attract non-resident Indians after interest rate deregulation, off...
- AU Small Finance Bank raises NRI deposit rates by 30-60 basis pointsAU Small Finance Bank has increased its non-resident deposit rates by up to sixty basis points. The bank raised its peak interest rate on F...
- 45% return on FCNR(B) deposits? Understand the 19X leverage strategy before you invest
- $17.4 billion flows into FCNR(B) deposits: Which bank offers the best 3-year FCNR(B) FD rate—SBI, PNB, HDFC Bank, ICICI Bank or Canara Bank?Foreign currency deposits have seen significant inflows after a new RBI scheme. Canara Bank offers the highest 3-year FCNR(B) USD fixed dep...
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