ICICI Bank mobilizes $17.9 bn under RBI foreign currency deposit scheme ICICI Bank has mobilized 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 https://www.business-standard.com/finance/news/icici-bank-mobilises-17-9-bn-under-rbi-foreign-currency-deposit-scheme-126090200156_1.html
Business-Standard
ICICI Bank mobilises $17.9 bn under RBI foreign currency deposit scheme
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
5September 2, 2026 871 1
