FCNR(B)

Estable13 noticias2 fuentesÚltima actualización: hace 4 días

Temas relacionadosinterest rates FCNR(B) deposits RBI Reserve Bank of India NRI deposits SBI NRIs hedging costs

Últimas noticias

FCNR(B) vs NRE Deposits: Understanding Currency Risk and Returns for NRIs

Non-resident Indians can choose between FCNR(B) and NRE deposits for investments in India. FCNR(B) offers currency protection, while NRE deposits carry exchange rate risk but can yield higher returns if the rupee strengthens. Historically, the rupee has depreciated against the US dollar, making the choice dependent on risk appetite and future fund utilization.

Economic Times

4 min de lectura

FCNR(B) Deposit Rates: Canara Bank Offers Highest 3-Year USD FD Rate

NOTICIA

hace 5 díasResumen IA

FCNR(B) Deposit Rates: Canara Bank Offers Highest 3-Year USD FD Rate

Interest in Foreign Currency Non-Resident (FCNR) deposits has surged following an RBI concessional swap facility, attracting over USD 17.4 billion. Canara Bank offers the highest 3-year FCNR(B) USD fixed deposit rate at 6.50%, with other major Indian banks also providing competitive rates for NRIs, OCIs, and PIOs.

HSBC IFSC Offers 19x Leverage on FCNR(B) Deposits for NRIs, Highlighting Risks and Benefits

HSBC Bank's IFSC unit in GIFT City offers Non-Resident Indians up to 19x leverage on FCNR(B) deposits, enabling significantly amplified returns. While this strategy can boost profits, experts warn of substantial risks if borrowing costs, particularly SOFR, exceed deposit interest rates. FCNR(B) deposits also provide protection against Indian Rupee depreciation.

FCNR(B) vs. NRE Fixed Deposits: Which is Better for NRIs and OCIs?

Non-resident Indians (NRIs) and OCIs can choose between FCNR(B) and NRE fixed deposits for reliable returns. FCNR(B) offers currency protection in foreign denominations, while NRE is in Indian rupees. Both are tax-exempt and fully repatriable, with the choice depending on currency expectations and financial goals.

Economic Times

RBI Opens Floodgates for Foreign Capital with Revamped FCNR(B) Scheme

En desarrollo

Business·24/6/2026Resumen IA

RBI Opens Floodgates for Foreign Capital with Revamped FCNR(B) Scheme

The Reserve Bank of India has revamped its FCNR(B) scheme to attract foreign capital, allowing Indian banks to route overseas deposits and removing currency/credit risks for lenders. This aims to boost NRI deposits by offering attractive fixed rates.

Times of India

2 min de lectura

Indian Banks Seek RBI Clarity on Overseas Lending for FCNR(B) Deposits

En desarrollo

Business·22/6/2026Resumen IA

Indian Banks Seek RBI Clarity on Overseas Lending for FCNR(B) Deposits

Indian banks are asking the RBI for permission to let their overseas branches lend to non-residents for FCNR(B) deposits. Some banks, like SBI, already offer structured products where deposits collateralize loans, seeking regulatory comfort before a special RBI window closes in September.

Economic Times

5 min de lectura

En desarrollo

Business·22/6/2026Resumen IA

Indian Banks Seek RBI Clarity on Overseas Lending for FCNR(B) Deposits

Indian banks are asking the RBI for guidance on allowing overseas branches to lend to non-residents for FCNR(B) deposits. Some banks, like SBI, already offer structured products where deposits collateralize loans, aiming to boost NRI deposits before a special RBI window closes in September.

Economic Times

5 min de lectura

RBI Temporarily Lifts Interest Rate Restrictions on NRE and FCNR(B) Deposits

En desarrollo

Business·17/6/2026Resumen IA

RBI Temporarily Lifts Interest Rate Restrictions on NRE and FCNR(B) Deposits

The Reserve Bank of India has temporarily removed interest rate restrictions on NRE and FCNR(B) deposits until September 30, 2026, to attract foreign currency inflows. This allows banks to offer higher rates on these deposits for Non-Resident Indians.

Economic Times

2 min de lectura

Indian Banks Launch FCNR(B) Schemes with Up to 6.50% USD Deposit Rates

En desarrollo

Business·17/6/2026Resumen IA

Indian Banks Launch FCNR(B) Schemes with Up to 6.50% USD Deposit Rates

Several Indian banks, including Canara Bank, Federal Bank, Bank of Baroda, and IOB, have introduced FCNR(B) schemes offering attractive interest rates up to 6.50% on US dollar deposits. These schemes, effective from June 2026, aim to boost foreign currency inflows and offer tax benefits to Non-Resident Indians.

Economic Times

3 min de lectura

NRIs Can Now Leverage FCNR(B) Deposits for Higher Returns Up to 7% with Government Support

En desarrollo

Business·15/6/2026Resumen IA

NRIs Can Now Leverage FCNR(B) Deposits for Higher Returns Up to 7% with Government Support

The Indian government is covering hedging costs for FCNR(B) deposits until Sept 2026, allowing banks to offer over 7% interest. This enables NRIs to use a rate arbitrage strategy, borrowing against deposits to reinvest and potentially earn significant returns, though risks like fluctuating borrowing costs and foreign taxes remain.

Economic Times

6 min de lectura

SBI Revises FCNR(B) Deposit Rates Up to 6% Following RBI Hedging Cost Announcement

En desarrollo

Business·15/6/2026Resumen IA

SBI Revises FCNR(B) Deposit Rates Up to 6% Following RBI Hedging Cost Announcement

State Bank of India (SBI) has updated its FCNR(B) deposit interest rates, offering up to 6% per annum on US dollar-denominated accounts. This revision follows the Reserve Bank of India's decision to bear hedging costs for new deposits maturing between three to five years until September 30, 2026.

Economic Times

3 min de lectura

RBI Urges Banks to Boost Overseas Fund Mobilization via FCNR(B) Deposits

En desarrollo

Business·13/6/2026Resumen IA

RBI Urges Banks to Boost Overseas Fund Mobilization via FCNR(B) Deposits

The Reserve Bank of India (RBI) deputy governor urged bank CEOs to increase efforts in mobilizing overseas funds through FCNR(B) deposits to boost dollar inflows and strengthen forex reserves. This push comes with new RBI incentives to support these deposits, aiming to stabilize the rupee which depreciated significantly last fiscal year.

Indian Banks Update FCNR(B) Rates After Govt Hedging Cost Cover

Indian banks have revised FCNR(B) deposit interest rates following a government decision to cover hedging costs for 3-5 year deposits, benefiting Non-Resident Indians. Central Bank of India offers 6% on these deposits.

Economic Times

1 min de lectura