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Informist, Wednesday, Sept. 9, 2026

--Sources: YES Bank raised $2.0 bln FCNR(B) deposits under RBI swap window

By Aaryan Khanna

NEW DELHI – YES Bank raised $2.0 billion in foreign currency non-resident (banks) deposits under the Reserve Bank of India's special swap facility between Jun. 8 and Aug. 31, according to two officials aware of the matter. Under the facility, the central bank is absorbing the entire hedging cost for three-to-five year FCNR(B) deposits through a concessional swap window.

The private-sector lender's collections were lower than the similarly-sized IDFC FIRST Bank, which raised at $3.57 billion in the same period. As per provisional data, the FCNR(B) swap window garnered total inflows worth $127.23 billion, of which a whopping $54.38 billion was received in the scheme's final 10 days. A back-of-the-envelope calculation shows YES Bank mobilised 1.6% of the total FCNR deposits under the special swap facility.

For the June quarter, YES Bank reported a net profit of INR 10.71 billion on total income of INR 98.42 billion. At 1349, the bank's shares were marginally lower at INR 22.50 on the National Stock Exchange.  End

US$1 = INR 95.07

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Akul Nishant Akhoury

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