The Reserve Bank of India has amended its cash reserve ratio and statutory liquidity ratio directions for small finance banks to exempt fresh Foreign Currency Non Resident Bank dollar deposits with tenors of three to five years from CRR and SLR. The exemption covers deposits mobilised between June 8, 2026 and September 30, 2026, including renewals on maturity, and follows the Governor’s earlier decision to introduce a US Dollar-Rupee swap facility for fresh FCNR B dollar funds. Under the amendment, the CRR exemption applies from the reporting fortnight beginning July 1, 2026, based on net demand and time liabilities computed as of June 15, 2026, and continues in subsequent fortnights. The exemption is available on the original deposit amounts for as long as the deposits remain on banks’ books. The directions also update the relevant paragraph cross references and Annex A to Form A to reflect the new FCNR B category. The changes took effect immediately.
Reserve Bank of India2026-06-08
Reserve Bank of India exempts fresh FCNR B deposits of three to five years from CRR and SLR at small finance banks until September 30
The Reserve Bank of India has amended its cash reserve ratio and statutory liquidity ratio directions for small finance banks to exempt fresh Foreign Currency Non Resident Bank dollar deposits with tenors of three to five years, mobilised between June 8 and September 30, 2026, including renewals, from CRR and SLR. The exemption, which applies to original deposit amounts for as long as they remain on banks’ books, is effective from the reporting fortnight beginning July 1, 2026 and aligns with the earlier decision to introduce a US Dollar-Rupee swap facility for fresh FCNR B dollar funds.