In FCNR race, banks answer only the biggest depositors
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 April-end, up from $33.76 billion a month earlier, latest RBI data showed. Overall, NRI deposits across FCNR(B), NRE and NRO accounts stood at $165.59 billion, indicating that FCNR(B) deposits account for roughly one-fifth of the total NRI deposit base.
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