GENERAL10 Sept 2026
Inflows through FCNR(B) deposits will take 3-4 mths to deploy: SBI chairman
SBI Chairman CS Setty says inflows through FCNR(B) deposits, which are foreign currency deposits with Indian banks, will take three to four months to deploy. Banks will release this liquidity slowly, not all at once. He also asked for lower upfront costs so agentic artificial intelligence can be adopted widely across Indian banking. He spoke at the Global Fintech Festival 2026 in Mumbai on Thursday.
Key Statutory Highlights
- SBI Chairman CS Setty said inflows through FCNR(B) deposits will take three to four months to deploy.
- He said banks would deploy the liquidity gradually.
- He called for lower upfront costs to enable large-scale adoption of agentic AI in Indian banking.
Actionable Advice for Taxpayers / Founders:If your business depends on bank credit or deposit rates, plan your cash flow expecting this money to reach the market only gradually over the coming months. Check with your own bank about your specific rates and limits instead of assuming an immediate change.
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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