FCNR flows aren’t rushing in, and RBI wants to know why
Banks mobilized $166 million in fresh FCNR(B) deposits in April 2026, while the outstanding FCNR(B) deposit base stood at $33.92 billion at the end of April, up from $33.76 billion a month earlier, latest RBI data showed. Overall, NRI deposits across FCNR(B), non-resident external (NRE) and non-resident ordinary (NRO) accounts stood at $165.59 billion, indicating that FCNR(B) deposits account for roughly one-fifth of the total NRI deposit base. Updated data is unavailable as it comes with a lag.
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