RBI’s New FCNR(B) Rules: Why the 2013 Leverage Magic May Not Work for NRIs in 2026
New RBI rules let banks offer NRIs high rates on dollar (FCNR) deposits to bring in money. But the 2013…
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Tag: FCNR(B)
Household Share of Bank Deposits Falls; FCNR(B) Push May Aid Mobilisation
Households held 59.3% of bank deposits in FY26, down from 63.2% in FY19. The RBI's FCNR(B) push may help banks…
FCNR(B) Monthly Flows Fall 39% Before RBI’s June Swap Window
FCNR(B) monthly inflows fell 39% to about $166 million in April 2026. RBI's June swap window now absorbs the hedging…
RBI FCNR(B) Rule Change: Banks Can Now Offer NRIs Higher Deposit Rates
The RBI removed the interest-rate limit on some FCNR(B) and NRE deposits for NRIs from June 17 to September 30,…