Ujjivan SFB raises FCNR deposit rate
Analysis based on 13 articles · First reported Jul 07, 2026 · Last updated Jul 17, 2026
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The rate revision may modestly improve Ujjivan's deposit mobilization and NRI customer base. It aligns with RBI's goal of boosting foreign currency reserves, but the impact on broader markets is limited.
AU Small Finance Bank revised its USD FCNR(B) deposit rate for 3-5 year tenure to 7.50% p.a., following the State Bank of India's policy measures to attract foreign currency inflows. The move aims to strengthen India's foreign exchange reserves and offer competitive returns to NRIs.
68
State Bank of India reopened FCNR-B deposit window
50
AU Small Finance Bank revised interest rate
50
Sanjay Gattani estimated potential inflows
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Institute of Chartered Accountants of India organized global webinar
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HDFC Bank explained FCNR framework
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HSBC explained FCNR framework
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Ujjivan SFB raised its USD FCNR(B) deposit rate to 7.50% p.a., enhancing its competitiveness for NRI deposits and supporting its liability franchise.
Importance 100.0
Sentiment 20.0
stock
RBI's policy measures encouraged higher foreign currency inflows; Ujjivan's revision aligns with this initiative.
Importance 50.0
Sentiment 10.0
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The rate revision supports India's efforts to strengthen foreign exchange reserves and external sector stability.
Importance 30.0
Sentiment 10.0
curr
USD is the currency of the FCNR(B) deposit; the rate revision affects USD-denominated deposits.
Importance 20.0
Sentiment 0.0
per
As Head of Retail Liabilities, he commented on the rate revision, emphasizing its alignment with RBI's vision.
Importance 10.0
Sentiment 0.0
priv
CARE ESG Ratings Limited assigned AA- (Stable) rating to Ujjivan SFB, reflecting its financial strength.
Importance 5.0
Sentiment 0.0
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S&P Global — CRISIL Ratings assigned A1+ rating to Ujjivan SFB's short-term instruments, indicating strong creditworthiness.
Importance 5.0
Sentiment 0.0
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