ICICI Bank mobilises USD 17.88bn in FCNR(B) deposits, issues USD 3.55bn bonds
- ICICI Bank mobilised ~USD 17.88 billion in FCNR(B) deposits up to August 31, 2026
- The bank issued ~USD 3.55 billion in USD-denominated bonds during July-August 2026
- Loans provided against these deposits total ~USD 9.00 billion via international branches
- Standby letters of credit issued to other banks amount to ~USD 3.63 billion
- Disclosure made under SEBI LODR Regulation 30 regarding RBI swap facility usage
*this image is generated using AI for illustrative purposes only.
ICICI Bank disclosed the mobilisation of approximately USD 17.88 billion in Foreign Currency Non-Resident (Banks) deposits under the Reserve Bank of India’s swap facility as of August 31, 2026.
The bank also issued USD 3.55 billion in USD-denominated bonds during July and August 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Deposit and Lending Details
The gross mobilisation of FCNR(B) deposits totals USD 17.88 billion, which translates to approximately ₹1,702 billion at the exchange rate prevailing on August 31, 2026. Loans provided by the bank’s international branches and subsidiaries against these deposits amount to ~USD 9.00 billion (₹856 billion).
Additionally, standby letters of credit issued by ICICI Bank to other banks regarding loans against these deposits stand at USD 3.63 billion (₹346 billion).
| Metric | Amount (USD) | Amount (INR) |
|---|---|---|
| Gross FCNR(B) Mobilisation | ~USD 17.88 billion | ~₹1,702 billion |
| Loans Against Deposits | ~USD 9.00 billion | ~₹856 billion |
| Standby Letters of Credit | ~USD 3.63 billion | ~₹346 billion |
| USD Bonds Issued (Jul-Aug) | ~USD 3.55 billion | ~₹338 billion |
What the Numbers Show
The data reveals a significant utilization of the RBI swap facility, with loans against FCNR(B) deposits representing roughly half of the total gross mobilisation. This indicates a structured approach to funding international operations while managing currency exposure through regulatory mechanisms.
The information provided is provisional and unaudited. The disclosure was signed by Prachiti Lalingkar, Company Secretary, on September 2, 2026.
Historical Stock Returns for ICICI Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.28% | +0.79% | -0.10% | +4.00% | +1.63% | +99.19% |
How might ICICI Bank's heavy reliance on the RBI swap facility impact its net interest margins if global interest rates diverge significantly from domestic rates in late 2026?
What are the potential liquidity risks for ICICI Bank given that loans against FCNR(B) deposits account for roughly 50% of total mobilisation, and how does this compare to peer banks?
Could the issuance of USD 3.55 billion in bonds signal a strategic shift towards longer-term fixed funding, and how will this affect the bank's debt maturity profile?
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