Kotak says FCNR(B) gave India 3-5 years to strengthen position
In short
At the Business Standard BFSI Insight Summit 2026, Uday Kotak said the FCNR(B) scheme gave India 3 to 5 years to improve its macro and financial position.
He said it worked like an insurance policy, but repayment risks still loom. The report does not say what exact risks he expects or when they may show up.
What the reporting says
At the Business Standard BFSI Insight Summit 2026, Uday Kotak said the FCNR(B) scheme had given India three to five years to strengthen its macroeconomic and financial position. The comment pointed to the scheme as a buffer, but he also flagged repayment risks. The reporting does not say what specific repayment pressures he expects or when they could emerge.
Why it matters
Uday Kotak’s remarks at the Business Standard BFSI Insight Summit 2026 linked the FCNR(B) scheme to India’s broader macro and financial resilience. He said it provided a 3-to-5-year window to strengthen the country’s position, while also warning that repayment risks remain. The report does not identify a specific borrower, amount, or timing, so the immediate market impact is unclear.