Banks Likely To Deploy Excess Liquidity As Credit Demand Strengthens: RBI Deputy Governor Rohit Jain | VIDEO
Mumbai, September 24, 2026: Reserve Bank Deputy Governor Rohit Jain on Thursday said banks are expected to deploy additional liquidity from foreign-currency non-resident deposits over the next few months, as credit demand is likely to be strong during the festive season. Under the special Foreign Currency Non-Resident (FCNR-B) deposit scheme, banks have mobilised USD 133 billion. The scheme was…
Reserve Bank Deputy Governor Rohit Jain revealed on Thursday that banks are likely to utilize the additional liquidity from FCNR(B) deposits over the next few months, as credit demand is expected to be strong during the upcoming festive season. The Foreign Currency Non-Resident (FCNR-B) deposit scheme, which was closed one month earlier than planned on August 31, attracted significant deposits from the Indian diaspora, totaling USD 133 billion. Jain discussed this development with reporters at the 13th SBI Banking & Economics Conclave.
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