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RBI EXEMPTS FCNR DEPOSITS FROM CRR, SLR
The Daily Guardian
|June 10, 2026
The Reserve Bank of India (RBI) has exempted fresh Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits mobilised by banks from Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements, in a move aimed at facilitating foreign currency inflows under the announced US Dollar-Rupee swap facility.
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In four separate notifications issued on Monday for commercial banks, small finance banks, rural co-operative banks and regional rural banks, the central bank said the exemption would apply to fresh FCNR(B) deposits with a minimum tenor of three years and a maximum tenor of five years raised up to September 30, 2026.
Cette histoire est tirée de l'édition June 10, 2026 de The Daily Guardian.
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