State Bank of India (SBI) says strong inflows under the FCNR(B) deposit route could enable it to mobilise around $10 billion by the end of September 2026, according to statements by its chairman and reports in Indian media. One outlet reports the bank has mobilised about $6 billion through FCNR(B) deposits and is aiming to reach a roughly $10 billion target, potentially in the context of its FY27 outlook. Another report says SBI expects to mobilise about $10 billion via FCNR(B) deposits by September-end 2026, linking the inflows to improved visibility on liquidity.
FCNR(B) deposits are foreign-currency non-resident deposits. The bank’s commentary, as reflected across the sources, highlights the role such deposits can play in liquidity planning and in reducing reliance on bulk domestic deposits. Both accounts focus on the bank’s target and timing, while presenting FCNR(B) inflows as a factor for managing funding needs and liquidity alongside other deposit sources.
