SENSEX
NIFTY
GOLD
USD/INR

Weather

image 28    C

Economy News

The Economic Times

Economy / The Economic Times

details

Loans against FCNR B deposits exempt from priority sector

The Reserve Bank of India has announced an exemption for loans against specific foreign currency deposits, particularly fresh FCNR(B) and NRE term deposits. This strategic shift ensures these loans will not factor into the mandatory priority sector lending requirements. Such measures have notably enhanced foreign exchange inflows. Additionally, there is a special facility available for banks to swap these deposits with the RBI.

7 Aug 2026 7:49 pm