Archive · 7 Aug 2026
SBI expects $10 billion FCNR(B) deposits, targets 14-15% credit growth
A bank is a place where people keep their money, and the bank uses that money to give loans to others.
SBI is a very large bank in India.
SBI is hoping to collect $10 billion in special deposits from people who live in other countries.
These special deposits are called FCNR(B) deposits.
SBI also wants to give more loans to people and businesses this year.
It hopes its loans will grow by 14 or 15 percent.
The bank thinks the money people save with it will grow by 10 or 11 percent.
SBI says it will not offer extra-high interest just to attract big deposits quickly.
Instead, it wants to keep its costs balanced and steady.
This plan will help SBI stay strong and keep serving its many customers.
SBI expects to raise $10 billion in FCNR(B) deposits.
The bank targets credit growth of 14-15% in FY2026-27.
SBI projects deposit growth of 10-11% during the financial year.
The bank will not price bulk deposits aggressively despite sector competition.
The FCNR(B) deposits are expected to provide additional foreign currency liquidity.
- Who
- State Bank of India (SBI), led by chairman Setty
- What
- SBI plans to raise $10 billion in FCNR(B) deposits and targets 14-15% credit growth in FY27
- When
- FY2026-27
- Where
- India
- Why
- To secure additional foreign currency liquidity and support its funding profile while maintaining a balanced cost of funds
- Entity
- State Bank of India (SBI)
- FCNR(B) deposit target
- $10 billion
- Credit growth target
- 14-15% in FY2026-27
- Deposit growth projection
- 10-11%
- Financial year
- FY2026-27 (FY27)
- Bulk deposit pricing
- Not aggressive
- Funding strategy
- Balanced cost of funds via wide retail franchise