The RBI has updated guidelines regarding the reporting of FCNR(B) deposits and ECBs mobilized under its Swap Facility, operational since June 2026 and effective until the end of this year.
RBI Announces Reporting on FCNR(B) Deposits and ECBs
The Reserve Bank of India (RBI) has clarified its reporting requirements for Foreign Currency Non-Resident (FCNR(B)) deposits and External Commercial Borrowings (ECBs) mobilized through the Swap Facility introduced on June 5, 2026. This facility has become operational as of June 8, 2026, and remains available until September 30, 2026, for FCNR(B) deposits and until December 31, 2026, for ECBs.
As per the data received, the RBI is tracking forex inflows under this provision, which reflects an effort to streamline foreign capital inflows and enhance transparency in the reporting mechanism. Such measures are essential for maintaining economic stability and investor confidence.
For finance professionals and entities engaging in foreign investments or borrowings, these updates emphasize the importance of compliance with RBI guidelines to ensure accurate reporting and mitigate regulatory risks.
Citations
- Reserve Bank of India (2026) Press Release 63274