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RBI asks banks for daily data on NRI deposits and ECBs
Financial Express Mumbai
|June 20, 2026
THE RESERVE BANK of India (RBI) on Friday asked banks to report data on FCNR(B) deposits, external commercial borrowings (ECBs) and overseas foreign currency borrowings daily.
On June 8, the RBI launched the swap facility for FCNR(B) deposits and ECBs. It would absorb the full hedging cost on incremental FCNR(B) deposits and partial hedging cost for ECBs, as part of a broader package of measures aimed at attracting foreign currency inflows and supporting the rupee. The data from June 8 till issuance of these directions, shall be submitted along with the first reporting due on June 22, the RBI said.
NRE deposits exempt from CRR, SLR norms
This story is from the June 20, 2026 edition of Financial Express Mumbai.
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