{"id":118700,"date":"2026-06-16T09:54:51","date_gmt":"2026-06-16T04:24:51","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=118700"},"modified":"2026-06-16T09:54:53","modified_gmt":"2026-06-16T04:24:53","slug":"sbi-share-price-fcnr-b-interest-rates-5-75-june-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/sbi-share-price-fcnr-b-interest-rates-5-75-june-2026\/","title":{"rendered":"SBI Share Price in Focus as Bank Revises FCNR(B) Rates Up to 5.75%"},"content":{"rendered":"<div class=\"meta-block\">\u00a0<\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>SBI share price in focus. FCNR(B) rates revised up to 5.75% (under $1M) and 6% (5-year above $1M). RBI forex swap window till Sep 30. Expected NRI inflows $40-45 billion.<\/em><\/p>\n<p><strong>SBI share price<\/strong> is in focus on June 16, 2026, after the State Bank of India revised its Foreign Currency Non-Resident (Bank) or FCNR(B) deposit interest rates, offering up to 5.75% for USD deposits under $1 million and 6% for 5-year deposits above $1 million. The revision comes after the Reserve Bank of India introduced a special forex swap window for banks till September 30, 2026, which absorbs currency hedging costs and allows banks to offer significantly higher FCNR(B) rates to Non-Resident Indians. The SBI share price reaction reflects market assessment of the potential $40-45 billion NRI inflow that SBI Research estimates could flow in through this route.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=sbi-share-price-fcnr-rates\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/sbi-share-price-fcnr-b-interest-rates-5-75-june-2026\/#SBI_Share_Price_Catalyst_Revised_FCNRB_Rates\" title=\"SBI Share Price Catalyst: Revised FCNR(B) Rates\">SBI Share Price Catalyst: Revised FCNR(B) Rates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/sbi-share-price-fcnr-b-interest-rates-5-75-june-2026\/#Banking_Sector_FCNRB_Rate_Comparison_Why_SBI_Share_Price_Is_in_Focus\" title=\"Banking Sector FCNR(B) Rate Comparison: Why SBI Share Price Is in Focus\">Banking Sector FCNR(B) Rate Comparison: Why SBI Share Price Is in Focus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/sbi-share-price-fcnr-b-interest-rates-5-75-june-2026\/#Why_the_RBI_Forex_Swap_Window_Matters_for_SBI_Share_Price\" title=\"Why the RBI Forex Swap Window Matters for SBI Share Price\">Why the RBI Forex Swap Window Matters for SBI Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/sbi-share-price-fcnr-b-interest-rates-5-75-june-2026\/#FCNRB_Benefits_for_NRI_Depositors_and_SBI_Share_Price\" title=\"FCNR(B) Benefits for NRI Depositors and SBI Share Price\">FCNR(B) Benefits for NRI Depositors and SBI Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/sbi-share-price-fcnr-b-interest-rates-5-75-june-2026\/#Conclusion_SBI_Share_Price_Outlook_After_FCNRB_Rate_Revision\" title=\"Conclusion: SBI Share Price Outlook After FCNR(B) Rate Revision\">Conclusion: SBI Share Price Outlook After FCNR(B) Rate Revision<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/sbi-share-price-fcnr-b-interest-rates-5-75-june-2026\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/sbi-share-price-fcnr-b-interest-rates-5-75-june-2026\/#Why_is_SBI_share_price_in_focus_after_the_FCNRB_rate_revision\" title=\"Why is SBI share price in focus after the FCNR(B) rate revision?\">Why is SBI share price in focus after the FCNR(B) rate revision?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/sbi-share-price-fcnr-b-interest-rates-5-75-june-2026\/#What_are_SBIs_new_FCNRB_interest_rates\" title=\"What are SBI&#8217;s new FCNR(B) interest rates?\">What are SBI&#8217;s new FCNR(B) interest rates?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/sbi-share-price-fcnr-b-interest-rates-5-75-june-2026\/#What_is_FCNRB_and_why_are_banks_raising_rates\" title=\"What is FCNR(B) and why are banks raising rates?\">What is FCNR(B) and why are banks raising rates?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/sbi-share-price-fcnr-b-interest-rates-5-75-june-2026\/#How_much_NRI_money_could_flow_in_through_the_FCNRB_route\" title=\"How much NRI money could flow in through the FCNR(B) route?\">How much NRI money could flow in through the FCNR(B) route?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/sbi-share-price-fcnr-b-interest-rates-5-75-june-2026\/#Are_other_banks_also_raising_FCNRB_rates_alongside_SBI\" title=\"Are other banks also raising FCNR(B) rates alongside SBI?\">Are other banks also raising FCNR(B) rates alongside SBI?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/sbi-share-price-fcnr-b-interest-rates-5-75-june-2026\/#What_is_the_RBIs_forex_swap_window_for_FCNRB_deposits\" title=\"What is the RBI&#8217;s forex swap window for FCNR(B) deposits?\">What is the RBI&#8217;s forex swap window for FCNR(B) deposits?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/sbi-share-price-fcnr-b-interest-rates-5-75-june-2026\/#Does_the_SBI_FCNRB_rate_hike_affect_SBIs_profitability\" title=\"Does the SBI FCNR(B) rate hike affect SBI&#8217;s profitability?\">Does the SBI FCNR(B) rate hike affect SBI&#8217;s profitability?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/sbi-share-price-fcnr-b-interest-rates-5-75-june-2026\/#Is_SBI_share_price_a_good_buy_after_the_FCNRB_announcement\" title=\"Is SBI share price a good buy after the FCNR(B) announcement?\">Is SBI share price a good buy after the FCNR(B) announcement?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"SBI_Share_Price_Catalyst_Revised_FCNRB_Rates\"><\/span><strong>SBI Share Price Catalyst: Revised FCNR(B) Rates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below shows SBI&#8217;s new FCNR(B) interest rates for USD deposits that are driving <strong>SBI share price<\/strong> attention on June 16.<\/p>\n<table style=\"width: 100%; border-collapse: collapse; margin: 16px 0;\">\n<thead>\n<tr style=\"background: #000000;\">\n<th style=\"color: #ffffff; padding: 8px 12px; text-align: left; font-size: 13px;\">Tenure \/ Category<\/th>\n<th style=\"color: #ffffff; padding: 8px 12px; text-align: left; font-size: 13px;\">New Rate (USD)<\/th>\n<th style=\"color: #ffffff; padding: 8px 12px; text-align: left; font-size: 13px;\">Change (bps)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">1-3 years<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">As per RBI ceiling<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">Revised upward<\/td>\n<\/tr>\n<tr style=\"background: #F9F9F9;\">\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">3-4 years, up to $1M<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">5.25%<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">+255 bps<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">4-5 years, up to $1M<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">5.50%<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">+255 bps<\/td>\n<\/tr>\n<tr style=\"background: #F9F9F9;\">\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">4-5 years, above $1M<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">5.75%<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">+280 bps<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">5 years, above $1M<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">6.00%<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">+280 bps<\/td>\n<\/tr>\n<tr style=\"background: #F9F9F9;\">\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">Effective Period<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">Till September 30, 2026<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">RBI Forex Swap Window<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"background: #E8EAFF; border-radius: 14px; padding: 28px 32px 24px 32px; margin: 24px 0; font-family: -apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,sans-serif; cursor: pointer; max-width: 100%; box-sizing: border-box;\">\n<p style=\"font-size: 20px; font-weight: bold; color: #0a0a23; margin: 0 0 12px 0; line-height: 1.3;\">3 Stocks Building Serious Momentum Right Now<\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">When <strong style=\"color: #0a0a23;\">Univest analysts<\/strong> identify high-conviction opportunities, <em>investors pay attention.<\/em><\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">Our research team has shortlisted the <strong style=\"color: #0a0a23;\">Top Stocks to Buy<\/strong> based on current market momentum, sector trends &amp; growth potential for 2026.<\/p>\n<ul style=\"margin: 0 0 16px 20px; padding: 0; color: #3a3a5c; font-size: 15px; line-height: 1.8;\">\n<li>Discover stocks investors are actively accumulating<\/li>\n<li>High-conviction picks backed by research<\/li>\n<li>Designed for the next phase of market growth<\/li>\n<\/ul>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 20px 0;\">Unlock the latest <a style=\"color: #3b7fff; font-weight: bold; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/log-in?redirectUrl=%2Fuser%2Fpayment%3FplanType%3DALL_PRO%2BPLANS%26cacheClear%3D1780639629052\">Top Stock Picks<\/a> on Univest<\/p>\n<p><a style=\"display: inline-block; background: #3B7FFF; color: #fff; font-size: 15px; font-weight: 600; padding: 13px 28px; border-radius: 50px; letter-spacing: 0.2px; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=sbi-share-price-fcnr-rates\" target=\"_blank\" rel=\"noopener\">See the Stocks \u2192<\/a><\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Banking_Sector_FCNRB_Rate_Comparison_Why_SBI_Share_Price_Is_in_Focus\"><\/span><strong>Banking Sector FCNR(B) Rate Comparison: Why SBI Share Price Is in Focus<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Multiple Indian banks raised FCNR(B) rates following the RBI&#8217;s forex swap window announcement. The table below compares peak rates across leading banks. <a href=\"https:\/\/univest.in\/stocks\/sbin\/state-bank-of-india-share-price-today\">SBI<\/a>, as the largest public sector bank and the most trusted NRI brand globally, is positioned to capture the largest share of expected inflows and therefore its share price is the most directly impacted among banking stocks.<\/p>\n<table style=\"width: 100%; border-collapse: collapse; margin: 16px 0;\">\n<thead>\n<tr style=\"background: #000000;\">\n<th style=\"color: #ffffff; padding: 8px 12px; text-align: left; font-size: 13px;\">Bank<\/th>\n<th style=\"color: #ffffff; padding: 8px 12px; text-align: left; font-size: 13px;\">Peak FCNR(B) Rate<\/th>\n<th style=\"color: #ffffff; padding: 8px 12px; text-align: left; font-size: 13px;\">Change<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">SBI<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">5.75% (under $1M) \/ 6% (5-yr above $1M)<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">+255-280 bps<\/td>\n<\/tr>\n<tr style=\"background: #F9F9F9;\">\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">HDFC Bank<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">6.0% (3-5 yrs from Jun 10)<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">+260 bps<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">ICICI Bank<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">6.50% on NRI FDs from Jun 11<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">Significant hike<\/td>\n<\/tr>\n<tr style=\"background: #F9F9F9;\">\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">Kotak Mahindra Bank<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">6.0% (under $1M) \/ 6.15% (above $1M)<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">+Revised<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">AU Small Finance Bank<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">7.1%<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">+195 bps<\/td>\n<\/tr>\n<tr style=\"background: #F9F9F9;\">\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">Karur Vysya Bank<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">7.0% (3-5 yrs)<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">+300+ bps<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Kunal Singla, Associate Director at Univest, notes that the SBI share price benefits from being the primary anchor of any large NRI deposit mobilisation drive. When the RBI and government push for NRI inflows, SBI&#8217;s branch network across 31 countries and its trusted brand positioning mean a disproportionate share of NRI deposits flows to SBI. The last major FCNR(B) mobilisation drive in 2013 saw SBI account for over 30% of total industry inflows.<\/p>\n<p>Ankit Jaiswal, Senior Research Analyst at Univest, observes that the SBI share price could benefit beyond just deposit growth. Large FCNR(B) inflows improve India&#8217;s overall foreign exchange reserves position, which reduces currency volatility, strengthens the rupee, and creates a more stable macroeconomic environment &#8211; all of which support banking sector valuations and <strong>SBI share price<\/strong> specifically.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track SBI share price live and monitor banking sector developments on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_the_RBI_Forex_Swap_Window_Matters_for_SBI_Share_Price\"><\/span><strong>Why the RBI Forex Swap Window Matters for SBI Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The critical enabler behind the <strong>SBI share price<\/strong> catalyst is the RBI&#8217;s forex swap window. Previously, when banks accepted FCNR(B) deposits, they had to hedge the currency risk in the market at a premium. This raised the effective cost of FCNR(B) deposits for banks and limited the rates they could offer NRIs. By providing a forex swap facility at subsidised rates till September 30, 2026, the RBI has effectively subsidised the hedging cost, allowing banks to offer 250-300 basis points higher rates without corresponding margin pressure.<\/p>\n<p>SBI Research estimates $40-45 billion could flow in under this scheme. Given the current FCNR(B) outstanding of $33.8 billion as of March 2026, a $40-45 billion inflow would more than double the stock &#8211; a significant boost to India&#8217;s foreign exchange reserves and a meaningful positive for <strong>SBI share price<\/strong> as the bank that stands to capture the largest market share of these deposits.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FCNRB_Benefits_for_NRI_Depositors_and_SBI_Share_Price\"><\/span><strong>FCNR(B) Benefits for NRI Depositors and SBI Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For NRI depositors, the revised FCNR(B) rates offer several advantages that make the SBI scheme attractive: up to 6% tax-free returns in USD, no currency risk as interest and principal are repatriable in the foreign currency, and DICGC insurance cover up to Rs 5 lakh equivalent. The 1-year lock-in period means NRI depositors need to commit for at least 1 year before withdrawal. These features have historically attracted NRIs from the US, UK, Gulf countries, and Singapore &#8211; all key NRI markets for SBI.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track SBI share price live and monitor banking and NRI deposit developments.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_SBI_Share_Price_Outlook_After_FCNRB_Rate_Revision\"><\/span><strong>Conclusion: SBI Share Price Outlook After FCNR(B) Rate Revision<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>SBI share price<\/strong> is a direct beneficiary of the FCNR(B) rate revision and the RBI&#8217;s forex swap window till September 30, 2026. The revised rates &#8211; up to 5.75% for deposits under $1 million and 6% for 5-year deposits above $1 million &#8211; position SBI to attract a large share of the estimated $40-45 billion NRI inflows expected under the special scheme. Kunal Singla and Ankit Jaiswal at Univest note that beyond the deposit growth opportunity, the macro improvement in India&#8217;s foreign exchange position resulting from large FCNR(B) inflows is a sector-wide positive that supports <strong>SBI share price<\/strong> and the broader banking index.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_SBI_share_price_in_focus_after_the_FCNRB_rate_revision\"><\/span><strong>Why is SBI share price in focus after the FCNR(B) rate revision?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SBI share price is in focus because the bank revised its FCNR(B) interest rates by up to 280 basis points, offering up to 5.75% for USD deposits under $1 million and 6% for 5-year deposits above $1 million. This positions SBI to attract large NRI dollar inflows under the RBI&#8217;s special FCNR(B) scheme, which offers a forex swap window till September 30, 2026. Higher NRI inflows strengthen SBI&#8217;s CASA base and reduce funding costs.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_SBIs_new_FCNRB_interest_rates\"><\/span><strong>What are SBI&#8217;s new FCNR(B) interest rates?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SBI revised its FCNR(B) interest rates for USD deposits as follows: 3-4 year deposits up to $1 million at 5.25%, 4-5 year deposits up to $1 million at 5.50%, 4-5 year deposits above $1 million at 5.75%, and 5-year deposits above $1 million at 6%. These rates apply to deposits booked until September 30, 2026, under the RBI&#8217;s special FCNR(B) scheme.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_FCNRB_and_why_are_banks_raising_rates\"><\/span><strong>What is FCNR(B) and why are banks raising rates?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> FCNR(B) stands for Foreign Currency Non-Resident (Bank) deposits. These are fixed deposits maintained by Non-Resident Indians in foreign currencies (typically USD, GBP, EUR, AUD, CAD) with Indian banks. Banks are raising FCNR(B) rates because the RBI introduced a special forex swap window till September 30, 2026, which absorbs the currency hedging cost that banks previously had to bear on such deposits, making it economical for banks to offer higher rates.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_NRI_money_could_flow_in_through_the_FCNRB_route\"><\/span><strong>How much NRI money could flow in through the FCNR(B) route?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SBI Research expects inflows of $40 billion to $45 billion via the FCNR(B) route under the special scheme. MUFG Bank estimated $20 billion as its base case. The current outstanding FCNR(B) deposits are $33.8 billion as of March 2026, compared to $32.8 billion a year ago. The new scheme&#8217;s higher rates could significantly boost this to a total of $55-80 billion, substantially improving India&#8217;s foreign exchange reserves position.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_other_banks_also_raising_FCNRB_rates_alongside_SBI\"><\/span><strong>Are other banks also raising FCNR(B) rates alongside SBI?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes, multiple Indian banks raised FCNR(B) rates in June 2026 following the RBI&#8217;s announcement. HDFC Bank increased rates to 6% for 3-5 year deposits from June 10. ICICI Bank is offering 6.50% on NRI fixed deposits from June 11. Kotak Mahindra Bank offers 6% to 6.15% from June 11. AU Small Finance Bank raised its peak rate to 7.1% and Karur Vysya Bank raised its peak rate to 7% for 3-5 year deposits.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_RBIs_forex_swap_window_for_FCNRB_deposits\"><\/span><strong>What is the RBI&#8217;s forex swap window for FCNR(B) deposits?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Reserve Bank of India introduced a forex swap window allowing banks to hedge the currency risk on FCNR(B) deposits with the RBI directly, at subsidised rates, until September 30, 2026. This effectively reduces the net cost for banks of offering higher FCNR(B) deposit rates. Banks can now pass on the benefit to NRI depositors in the form of higher interest rates, creating a win-win for NRI depositors and India&#8217;s foreign exchange position.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_the_SBI_FCNRB_rate_hike_affect_SBIs_profitability\"><\/span><strong>Does the SBI FCNR(B) rate hike affect SBI&#8217;s profitability?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The SBI FCNR(B) rate hike has a nuanced profitability impact. While higher deposit rates increase the cost of funds, the RBI&#8217;s forex swap window subsidises the currency hedging cost, making the net cost of FCNR(B) deposits competitive. The large volume of expected inflows ($40-45 billion per SBI Research estimates) would also provide SBI with a substantial low-cost-equivalent dollar funding pool for overseas lending and trade finance operations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_SBI_share_price_a_good_buy_after_the_FCNRB_announcement\"><\/span><strong>Is SBI share price a good buy after the FCNR(B) announcement?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SBI&#8217;s FCNR(B) rate hike signals proactive management of the bank&#8217;s NRI deposit franchise. Higher foreign currency deposits could strengthen SBI&#8217;s balance sheet and support overseas lending. However, the SBI share price outlook also depends on the bank&#8217;s overall NPA trajectory, domestic credit growth, and the pace of RBI rate cuts. Always consult a SEBI-registered investment adviser before making any investment decision.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is SBI share price in focus after the FCNR(B) rate revision?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SBI share price is in focus because the bank revised its FCNR(B) interest rates by up to 280 basis points, offering up to 5.75% for USD deposits under $1 million and 6% for 5-year deposits above $1 million. This positions SBI to attract large NRI dollar inflows under the RBI's special FCNR(B) scheme, which offers a forex swap window till September 30, 2026. Higher NRI inflows strengthen SBI's CASA base and reduce funding costs.\"}},{\"@type\":\"Question\",\"name\":\"What are SBI's new FCNR(B) interest rates?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SBI revised its FCNR(B) interest rates for USD deposits as follows: 3-4 year deposits up to $1 million at 5.25%, 4-5 year deposits up to $1 million at 5.50%, 4-5 year deposits above $1 million at 5.75%, and 5-year deposits above $1 million at 6%. These rates apply to deposits booked until September 30, 2026, under the RBI's special FCNR(B) scheme.\"}},{\"@type\":\"Question\",\"name\":\"What is FCNR(B) and why are banks raising rates?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"FCNR(B) stands for Foreign Currency Non-Resident (Bank) deposits. These are fixed deposits maintained by Non-Resident Indians in foreign currencies (typically USD, GBP, EUR, AUD, CAD) with Indian banks. Banks are raising FCNR(B) rates because the RBI introduced a special forex swap window till September 30, 2026, which absorbs the currency hedging cost that banks previously had to bear on such deposits, making it economical for banks to offer higher rates.\"}},{\"@type\":\"Question\",\"name\":\"How much NRI money could flow in through the FCNR(B) route?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SBI Research expects inflows of $40 billion to $45 billion via the FCNR(B) route under the special scheme. MUFG Bank estimated $20 billion as its base case. The current outstanding FCNR(B) deposits are $33.8 billion as of March 2026, compared to $32.8 billion a year ago. The new scheme's higher rates could significantly boost this to a total of $55-80 billion, substantially improving India's foreign exchange reserves position.\"}},{\"@type\":\"Question\",\"name\":\"Are other banks also raising FCNR(B) rates alongside SBI?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, multiple Indian banks raised FCNR(B) rates in June 2026 following the RBI's announcement. HDFC Bank increased rates to 6% for 3-5 year deposits from June 10. ICICI Bank is offering 6.50% on NRI fixed deposits from June 11. Kotak Mahindra Bank offers 6% to 6.15% from June 11. AU Small Finance Bank raised its peak rate to 7.1% and Karur Vysya Bank raised its peak rate to 7% for 3-5 year deposits.\"}},{\"@type\":\"Question\",\"name\":\"What is the RBI's forex swap window for FCNR(B) deposits?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Reserve Bank of India introduced a forex swap window allowing banks to hedge the currency risk on FCNR(B) deposits with the RBI directly, at subsidised rates, until September 30, 2026. This effectively reduces the net cost for banks of offering higher FCNR(B) deposit rates. Banks can now pass on the benefit to NRI depositors in the form of higher interest rates, creating a win-win for NRI depositors and India's foreign exchange position.\"}},{\"@type\":\"Question\",\"name\":\"Does the SBI FCNR(B) rate hike affect SBI's profitability?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The SBI FCNR(B) rate hike has a nuanced profitability impact. While higher deposit rates increase the cost of funds, the RBI's forex swap window subsidises the currency hedging cost, making the net cost of FCNR(B) deposits competitive. The large volume of expected inflows ($40-45 billion per SBI Research estimates) would also provide SBI with a substantial low-cost-equivalent dollar funding pool for overseas lending and trade finance operations.\"}},{\"@type\":\"Question\",\"name\":\"Is SBI share price a good buy after the FCNR(B) announcement?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SBI's FCNR(B) rate hike signals proactive management of the bank's NRI deposit franchise. Higher foreign currency deposits could strengthen SBI's balance sheet and support overseas lending. However, the SBI share price outlook also depends on the bank's overall NPA trajectory, domestic credit growth, and the pace of RBI rate cuts. Always consult a SEBI-registered investment adviser before making any investment decision.\"}}]}<\/script><\/div><p><\/p>","protected":false},"excerpt":{"rendered":"<p>SBI share price is in focus after the bank revised FCNR(B) interest rates up to 5.75% for USD deposits under $1 million and 6% for 5-year deposits above $1 million, following RBI&#8217;s forex swap window. Kunal Singla and Ankit Jaiswal at Univest analyse the NRI inflow potential and SBI share price outlook.<\/p>\n","protected":false},"author":34,"featured_media":118748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4675],"class_list":["post-118700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bank-revises-fcnr"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1781583897:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["842"],"rank_math_seo_score":["81"],"rank_math_title":["SBI Share Price in Focus as Bank Revises FCNR(B) Rates Up to 5.75%"],"rank_math_description":["SBI share price is in focus after the bank revised FCNR(B) interest rates up to 5.75% for USD deposits under $1 million and 6% for 5-year deposits above $1 million, following RBI's forex swap 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