https://www.taxtmi.com/news?id=73766 Foreign currency mobilisation under the RBI's FCNR(B), ECB and OFCB swap initiatives was reviewed with emphasis on sustaining inflows through enhanced outreach to the non-resident Indian diaspora. Banks reported encouraging uptake, supported by attractive returns on FCNR(B) deposits and the suspension of the interest rate ceiling on fresh deposits under the scheme. Institutions also described digital outreach, use of International Banking Units at GIFT City, and expectations of stronger ECB mobilisation. The RBI was noted as supporting eligible mobilisation and borrowings through a transparent daily reporting framework. en-us Mon, 13 Jul 2026 17:11:56 +0530 Mon, 13 Jul 2026 17:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73766 Foreign currency mobilisation under the RBI's FCNR(B), ECB and OFCB swap initiatives was reviewed with emphasis on sustaining inflows through enhanced outreach to the non-resident Indian diaspora. Banks reported encouraging uptake, supported by attractive returns on FCNR(B) deposits and the suspension of the interest rate ceiling on fresh deposits under the scheme. Institutions also described digital outreach, use of International Banking Units at GIFT City, and expectations of stronger ECB mobilisation. The RBI was noted as supporting eligible mobilisation and borrowings through a transparent daily reporting framework. News - Mon, 13 Jul 2026 17:11:56 +0530 https://www.taxtmi.com/news?id=73766