FCNR(B) collection of Rs 33,975 crore represented 11% of IDFC First Bank’s deposit base as on 30 June 2026; bank's IFSC Banking Unit facilitated around $2.60 bn of lending during the period.
IDFC First Bank has garnered around $3.57 billion (Rs 33,975 crore) in FCNR(B) deposits from non-resident Indian (NRI) customers under the Reserve Bank of India’s swap window.
The private lender said this represents about 11% of its deposit base as on 30 June 2026.
The bank's IFSC Banking Unit (IBU) facilitated around $2.60 billion (Rs 24,720 crore) of lending during the period.
The lender said the FCNR(B) mobilisation figures are provisional and unaudited.
Last month, IDFC First Bank raised $950 million via international bonds in two tranches.
In its maiden international bond offering, the $500 million three-year issue was upsized by $100 million due to strong investor demand. It finally raised $600 million. The three-year fixed-rate senior notes, issued through the bank’s International Financial Services Centre Banking Unit at GIFT City, carry a fixed coupon rate of 5.625% and mature in 2029.
The bank tapped the overseas bond market for the second time, with a pricing fixed for the $350 million five-year senior notes issuance in less than a week after the maiden one.
Earlier in the same month, IDFC First Bank secured its first international investment-grade issuer credit ratings from S&P Global Ratings, marking an important milestone in the lender’s progress ahead of its plans to enter the global bonds issuance market to diversify its funding resources.
