GENERAL24 Sept 2026
Banks should deploy FCNR(B) funds in coming months: RBI DG Rohit Jain
RBI Deputy Governor Rohit Jain says banks have a chance to deploy their FCNR(B) funds over the coming months. FCNR(B) means foreign currency deposits held by non-resident Indians. He said this while keeping healthy credit standards in mind. For businesses, it could point to more credit in the system. Ask your bank how its lending and deposit rates may move.
Key Statutory Highlights
- RBI Deputy Governor Rohit Jain said banks have an opportunity to deploy FCNR(B) liquidity in the coming months.
- He said banks should do this while maintaining healthy credit standards.
- He was speaking at the 13th SBI Banking & Economic Conclave in Mumbai.
Actionable Advice for Taxpayers / Founders:If you have a loan or deposit with a bank, keep an eye on any change in lending or deposit rates over the coming months, and check with your bank before making a fresh borrowing or deposit decision.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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