IDFC FIRST Bank announced the successful mobilization of approximately USD 3.57 billion (around ₹33,975 crores) from NRI customers via the RBI’s FCNR(B) swap window. This figure represents about 11% of the bank’s total deposit base as of June 30, 2026. Additionally, the bank’s IFSC Banking Unit (IBU) facilitated lending of about USD 2.60 billion (around ₹24,720 crores) during the same period. These figures are based on exchange rates as of August 31, 2026, and are provisional and unaudited.
IDFC FIRST Bank Enhances Funding Through NRI Deposits
IDFC FIRST Bank has successfully raised a substantial amount of approximately USD 3.57 billion, equivalent to about ₹33,975 crores, from Non-Resident Indian (NRI) customers. This significant inflow of funds was achieved through the Reserve Bank of India’s (RBI) Foreign Currency Non-Resident (Bank) or FCNR(B) swap window.
Key Financial Highlights
The mobilized amount represents a notable 11% of the bank’s overall deposit base as of June 30, 2026. Complementing this deposit growth, the bank’s International Financial Services Centre (IFSC) Banking Unit (IBU) played a crucial role by facilitating lending activities totaling approximately USD 2.60 billion, which translates to around ₹24,720 crores, during the reporting period. The reported INR equivalents are for illustrative purposes and are based on the exchange rate prevailing on August 31, 2026. It is important to note that these FCNR(B) mobilization figures are provisional and have not yet been audited.
Source: BSE
