PSB chiefs say FCNR(B) is not a short-term fix
In short
At the BFSI Insight Summit 2026, public sector bank chiefs said banks raised a record $127 billion in FCNR(B) deposits.
They said good yields, leverage and RBI support helped ease funding pressure. The report does not name the speakers or say how long the benefit will last.
What the reporting says
At the BFSI Insight Summit 2026, public sector bank chiefs said attractive yields, leverage and RBI support helped banks mobilise a record $127 billion in FCNR(B) deposits. The report says this eased funding pressure. It does not identify which bank chiefs spoke, how the deposits were distributed, or whether the support is expected to continue.
Why it matters
Public sector bank chiefs at the BFSI Insight Summit 2026 said banks mobilised a record $127 billion in FCNR(B) deposits, helped by attractive yields, leverage and RBI support. The reported effect was reduced funding pressure for banks. The summary does not name the chiefs, give bank-wise figures, or indicate whether this funding source is expected to remain available.