Finance · Breaking

Bank of Baroda reports massive surge in foreign currency non-resident deposits

Originally reported by ET Industry as: Bank of Baroda’s FCNR(B) deposits surge nearly sixfold to Rs 1.03 lakh crore

30 Oct 2026, 6:05 pm IST · Xecute.finance News Desk

The crisp read

Bank of Baroda recorded FCNR-B deposits climbing to ₹1.03 lakh crore by September 2026. Total global deposits grew 16.4 percent year-on-year to ₹17.45 lakh crore, alongside a 35.8 percent increase in standalone net profit.

Xecute Impact Breakdown

For CAs

  • Financial analysts should track upcoming quarterly disclosures to evaluate deposit cost trends and margin sustainability
  • Monitor interest rate movements on foreign currency products to assess ongoing mobilization efficacy

For businesses

  • Bank of Baroda's FCNR-B deposits rose to ₹1.03 lakh crore as of September 2026
  • Overall global deposits of the bank increased 16.4% year-on-year to reach ₹17.45 lakh crore
  • Domestic deposits saw a marked increase of 16.6%, driven by term deposits growing 20.5%

Effective September 2026

Deep dive - the full story

Bank of Baroda's FCNR-B deposits rose to ₹1.03 lakh crore as of September 2026, reflecting substantial growth. The overall global deposits of the bank increased 16.4% year-on-year to reach ₹17.45 lakh crore. Domestic deposits also saw a marked increase of 16.6%, driven by term deposits growing 20.5%. Foreign currency non-resident accounts allow non-resident Indians to maintain deposits in foreign currencies while shielding them from exchange rate fluctuations.

Rapid scaling of such deposits enhances a lender's foreign exchange liquidity profile and diversifies its liability base away from domestic retail funding. Financial analysts should track upcoming quarterly disclosures to evaluate deposit cost trends and margin sustainability. Monitor interest rate movements on foreign currency products to assess ongoing mobilization efficacy.

Bottom line: Robust deposit mobilization strengthens the lender's balance sheet heading into subsequent quarters.

Source: economictimes.indiatimes.com

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