# SBI expects $10 billion NRI inflow, RBI data shows 22% fall 2026-08-25T16:04:57+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets State Bank of India Chairman C S Setty has said the bank expects to garner about $10 billion from non-resident Indians and foreign investors by August 31, with most of the inflow coming from deposits. The Reserve Bank of India has advanced the closure of its FCNR-B deposit swap window to August 31 from September 30 to boost foreign currency inflows. However, RBI data for the first quarter of FY27 shows total NRI deposit inflows fell 22 per cent year-on-year to $2.8 billion, The Hindu Business Line reports. The drop was driven by a 93 per cent plunge in rupee-denominated NRE deposits, while FCNR-B deposits surged 123 per cent to $1.7 billion. Outstanding NRI deposits stood at $169 billion in June. ## Indian Opinion Analysis Times Now leads with SBI's optimistic $10 billion target, framing the RBI's window advance as supportive of the bank's growth. The Hindu Business Line leads with RBI data showing a 22 per cent drop in overall NRI inflows, highlighting the shift from rupee to foreign currency deposits. Times Now omits the Q1 decline entirely. The two reports together show that while the special swap window is driving FCNR-B inflows, it is also pulling funds away from NRE accounts, flattening total NRI deposits. The RBI's August 31 deadline will test whether SBI's target can be met. ## Coverage Coverage: 2 sources, 2 neutral - timesnownews.com (neutral report) Leads with SBI chairman's target, omits Q1 data showing drop in total NRI inflows - thehindubusinessline.com (neutral report) Leads with RBI data showing 22% fall in Q1 NRI inflows, gives context on FCNR surge This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Updated: this story now draws on 2 sources. Last updated 2026-08-25T20:26:58+00:00. Tags: C S Setty, FCNR-B, NRIs, RBI, State Bank of India Canonical: https://indianopinion.org/sbi-expects-10-billion-from-nris-foreign-investors-by-august/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/sbi-expects-10-billion-from-nris-foreign-investors-by-august/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/