ICICI Bank mobilises $17.9 bn under RBI foreign currency deposit scheme | Finance News
 "ICICI Bank")
ICICI Bank has mobilised about $17.88 billion under the Reserve Bank of India’s foreign currency non-resident deposits scheme | Image: Bloomberg
ICICI Bank has mobilised about $17.88 billion under the Reserve Bank of India’s foreign currency non-resident deposits scheme through August 31, the private lender said on Wednesday. The bank said loans provided by international branches and subsidiaries against such deposits stood at $9 billion
The lender has also issued $3.63 billion in guarantees to other banks for loans backed by the deposits In June, the Reserve Bank of India introduced a set of foreign exchange measures, including concessional swap facilities aimed at boosting overseas borrowing by state-run firms and attracting foreign currency non-resident deposits
The RBI’s foreign exchange forward position climbed to an all-time high of $136.7 billion in July, fueled by a surge in overseas deposits following the central bank’s measures to attract dollar inflows and support the rupee
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Sep 02 2026 | 9:45 AM IST
