Artificial Intelligence
Bharat By 2047
Bharat's Opinions
EditorialsExpert OpinionsIndustry VoicesArticlesInterviewsDebates & CounterpointsPolicy Perspective
Bharat's BFSI
BankingNBFCsFintechStock MarketInsurance
Business
Macro Economy
Government Policy
Industry & Sectors
Corporate & Companies
MSME & Entrepreneurship
Technology
Quick Access
Tuesday, 23 June 2026|11:14 am IST
Exclusive Articles & Interviews
AboutCareersBharat360Contact
X
News4Bharat Logo
Get the Daily Brief
  • Breaking
  • National
  • Business
  • BFSI
  • World
  • Politics
  • Technology
  • AI
  • Sports
  • Entertainment
  • Health
  • Automobile
  • Opinions
  • Explainers
  • States
Live Wire
Shreyas Iyer named India's new T20I captainOpenAI acquires cloud startup Ona to power CodexAirbus C295 rolls out from Vadodara - first Made-in-India military transport aircraftSpaceX IPO: Elon Musk becomes first trillionaire on paperSensex surges 1,700 points; Nifty tops 23,600 on crude reliefShreyas Iyer named India's new T20I captainOpenAI acquires cloud startup Ona to power CodexAirbus C295 rolls out from Vadodara - first Made-in-India military transport aircraftSpaceX IPO: Elon Musk becomes first trillionaire on paperSensex surges 1,700 points; Nifty tops 23,600 on crude relief
  1. Home
  3. RBI Opens FCNR(B) Swap Window, Banks Seek SBLC Relaxation for NRI Deposits

RBI Opens FCNR(B) Swap Window, Banks Seek SBLC Relaxation for NRI Deposits

Indian banks have asked the RBI to relax guarantee rules for NRI deposits, arguing that the move could attract billions of dollars in foreign currency inflowsx rese

GS
Gauri SaxenaBusiness Desk
15 Jun 2026 · 2:16 PM IST7 min read
RBI guarantee rules and NRI deposit inflows.

Frequently Asked Questions

Banks want the RBI to allow Standby Letters of Credit (SBLCs) for NRI deposits. They believe this will provide extra security to investors and help attract more foreign currency deposits from overseas Indians.

GS

About the Author

Gauri Saxena

Business Desk

Gauri Saxena is a Contributor at News4Bharat. Focuses on delivering well-researched, and reader-friendly stories that keep audiences informed about the latest developments and trends.

View Profile

Related Topics

RBIBankingRBI NRI depositsFCNR B depositsRBI guarantee rulesNRI deposit inflowsSBLCBFSI

Share this article

More inView All

Dr. K. Paul Thomas Named Chairman of Sa-Dhan, Signalling Stronger Focus on Responsible Microfinance

23 Jun 2026 · 10:30 AM IST

"The future of finance lies in making financial interactions more seamless, intuitive, and intelligent"

22 Jun 2026 · 5:30 PM IST

DORA, PSD3 and EU Digital Identity Wallet Deadline: Is the BFSI Sector Ready?

16 Jun 2026 · 5:30 PM IST