The Reserve Bank of India has directed all Authorised Dealer Category-I banks to submit daily data by 6 p.m. on FCNR B deposits, External Commercial Borrowings and Overseas Foreign Currency Borrowings mobilized under its June 8, 2026 swap facility circulars. The requirement covers borrowing and deposit flows raised under the swap facilities for FCNR B deposits and for External Commercial Borrowings and Overseas Foreign Currency Borrowings. Banks must report each category in the prescribed annexed format and submit a NIL return on days with no transactions, except on Saturdays and holidays. The Reserve Bank of India also requires banks to backfill data for the period from June 8, 2026 until issuance of the reporting directions, with that information due together with the first report on June 22, 2026. The directions were issued under Sections 10(4), 11(1) and 11(2) of the Foreign Exchange Management Act, 1999.
Reserve Bank of India2026-06-19
Reserve Bank of India requires daily reporting on FCNR B deposits ECBs and OFBs raised under swap facility
The Reserve Bank of India has told Authorised Dealer Category-I banks to file daily reports by 6 p.m. on FCNR B deposits, External Commercial Borrowings and Overseas Foreign Currency Borrowings raised under its June 8, 2026 swap facilities. NIL returns are required on non-transaction days except Saturdays and holidays. Data from June 8, 2026 to the date of the circular must be submitted with the first report due on June 22, 2026.