Banking #rbi#fcnr
RBI removes priority sector burden for fresh FCNR(B) and NRE deposits
RBI has exempted advances against fresh FCNR(B) and NRE term deposits from priority sector lending calculations, effective immediately. The move completes a three-part policy push to boost foreign currency inflows and ease compliance burdens, with banks having raised over $36 billion in FCNR(B) deposits.
Aug 8, 2026 1 source