GENERAL23 Sept 2026
Yes Bank mobilises $2 billion via FCNR(B) deposits under RBI swap window
Yes Bank has raised $2 billion through Foreign Currency Non-Resident (Bank) deposits using the Reserve Bank of India's swap window. Most of the money came in three- and five-year buckets. The private lender will likely use it to replace costly deposits and fund more lending. If you run a business, extra lending headroom could help, but your own rates and terms still depend on your bank.
Key Statutory Highlights
- Yes Bank mobilised $2 billion through Foreign Currency Non-Resident (Bank) deposits under the RBI swap window.
- Most of the funds were raised in three-year and five-year buckets.
- The private sector lender is likely to use the money to replace high-cost deposits and support incremental lending.
Actionable Advice for Taxpayers / Founders:If your business plans to borrow, ask your bank about current lending rates and terms, and remember that any change in credit availability is not guaranteed and may take time.
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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