The Hindu Businessline

The move comes as banks prepare to manage increased dollar liquidity and rising hedging costs ahead of the special deposit scheme deadline.

NRIs increasingly opted for FCNR(B) route, but a fall in rupee denominated instruments pulled the overall figure down

Earlier this month, the Reserve Bank of India advanced the closure of the Foreign Currency Non-Resident Bank (FCNR-B) deposits swap window by a month to August 31 as against the earlier cut-off date of September 30

The International Monetary Fund in its World Economic Outlook for April 2026 noted India's nominal GDP at $3.92 trillion for 2025-26, which makes India the sixth-largest economy in the world

And the inflows are gathering pace as the RBI has cut short the deadline to offer concessional swap facility for fresh FCNR-B deposits mobilised by banks by a month to August 31, 2026

Investigators question pilots and crew as probe into August 4 altitude loss of AI2379 continues

The summit is also expected to review the functioning of the BRICS NDB, which has approved 139 development projects

Improved profitability supported primarily by other income during the quarter, says MD

Indias $4 trillion economy is set to become $30 trillion by 2047, the Minister said

Profitable core business provides comfort, but losses in faster-growing businesses and steep valuation are negatives

The number of funding rounds fell from 16 in 2024 to 7 in H1 2026, even as capital deployed rose sharply

FDE job postings increased bynearly 700800 per cent between Q1 2025 and Q1 2026

These banks are offering interest rates 150 bps higher than large lenders

Lender has already mobilised $150 million under FCNR(B) scheme; expects margins to improve from Q2

Banks reported that FCNR(B) deposit mobilisation had shown a clear accelerating trend