ICICI Bank Limited has disclosed the gross mobilization of USD 17.88 billion (approximately ₹1,702 billion) through its FCNR (B) deposit facility, which is set to continue until August 31, 2026. The bank has also provided loans amounting to USD 9.00 billion (approx. ₹856 billion) against these deposits. Additionally, standby letters of credit issued for loans against these deposits total approximately USD 3.63 billion (approx. ₹346 billion), and the bank has issued USD 3.55 billion in USD-denominated bonds during July-August 2026.
ICICI Bank Reports Significant FCNR(B) Deposit Mobilization
ICICI Bank Limited has announced substantial figures related to its Foreign Currency Non-Resident (B) deposits (FCNR (B)). Pursuant to the Reserve Bank of India’s swap facility, the bank has mobilized a gross amount of USD 17.88 billion, which converts to approximately ₹1,702 billion. This facility is in place until August 31, 2026.
Loan and Bond Issuance Details
The bank has extended loans amounting to USD 9.00 billion (approximately ₹856 billion) against these FCNR (B) deposits through its international branches and subsidiaries. Furthermore, ICICI Bank has issued standby letters of credit to other banks, supporting loans against these deposits, with a total value of approximately USD 3.63 billion (around ₹346 billion). In line with its financing activities, the bank has also issued USD 3.55 billion (approx. ₹338 billion) in USD-denominated bonds during the months of July and August 2026.
It is important to note that all figures mentioned represent a convenience translation at the exchange rate prevailing on August 31, 2026. The provided information is provisional and unaudited.
Source: BSE
