# NRI dollar inflows push bank deposits to decade-high growth

2026-08-13T00:12:36+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Bank deposits grew 15.4% year-on-year by end-July, the fastest in nearly a decade, as overseas Indians parked about $37 billion in foreign currency deposits through a special RBI window. FCNR-B deposits alone brought in $36.72 billion, exceeding the $26 billion raised in a similar 2013 scheme. The window closes on September 30, 2026. Outstanding deposits hit Rs 269.4 lakh crore, while bank credit growth accelerated to 19.4%, the fastest since June 2024. Separately, HDFC Bank, Kotak Mahindra Bank, Yes Bank, Federal Bank and RBL Bank plan to raise up to $3 billion via dollar bonds or loans, using RBI's swap facility to lower hedging costs.

## Coverage

- economictimes.indiatimes.com <https://economictimes.indiatimes.com/news/economy/finance/bank-deposits-hit-decade-high-growth-as-nri-dollar-inflows-cross-37-billion/articleshow/133188027.cms>
- timesnownews.com <https://www.timesnownews.com/business-economy/economy/hdfc-bank-kotak-yes-bank-among-five-lenders-eyeing-3-billion-overseas-article-155589874>

Tags: bank credit, dollar inflows, FCNR-B, MSME lending, NRI deposits, RBI
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