FCNR(B) window may save banks Rs 4,000 crore

Banks are poised to save approximately ₹4,000 crore annually by raising deposits through FCNR(B) accounts, as the RBI covers hedging costs, making them cheaper than domestic fixed deposits. Industry experts anticipate $35-45 billion in FCNR(B) inflows, offering significant liquidity relief to banks facing deposit growth challenges.