Loading market data...
Tue, 20 Oct 2026
05:04:24 pm
Tue, 20 Oct 2026
05:04:24 pm
Synopsis
ICICI Bank FCNR(B) deposits, NRI banking, foreign currency deposits, RBI forex scheme, ICICI Bank stock and latest banking market updates.
ICICI Bank shares gained in early trade on September 3 after the lender emerged as a major beneficiary of the recent rise in FCNR(B) deposits.
According to IIFL, ICICI Bank mobilised $17.9 billion, or around ₹1.7 lakh crore, through FCNR(B) deposits. This was about 14.1% of total system inflows, compared with the bank's roughly 7.1% share of overall deposits.
| Metric | ICICI Bank |
|---|---|
| FCNR(B) deposits raised | $17.9 billion |
| Approximate value | ₹1.7 lakh crore |
| Share of own deposits | About 9% |
| Share of system inflows | About 14.1% |
| Overall deposit market share | About 7.1% |
| Deposit capture | About 2 times market share |
FCNR(B) deposits are foreign currency deposits held by non resident Indians. ICICI Bank's strong share of these inflows highlights its large NRI customer base and deposit franchise.
The deposits came after the RBI introduced a special facility to increase foreign exchange inflows. The RBI reported total FCNR(B) inflows of about $127 billion through the facility.
| Earnings factor | IIFL estimate |
|---|---|
| Consensus EPS upgrade | About 3% |
| Net interest income estimate | About 1.7% higher |
| NIM impact | About 20 basis points dilution |
| Impact period | Second and third quarters |
IIFL expects the additional deposits to support earnings, although the lower cost of these foreign currency deposits could still lead to some pressure on net interest margins.
ICICI Bank shares rose 1.38% to ₹1,446.20 in early trade. The stock opened at ₹1,438.30 and touched ₹1,449 during the session.
| Stock metric | ICICI Bank |
|---|---|
| Current price | ₹1,446.20 |
| Previous close | ₹1,426.50 |
| Day range | ₹1,436 to ₹1,449 |
| 52 week range | ₹1,187.60 to ₹1,480 |
| Market cap | About ₹10.30 lakh crore |
| P/E | About 18.7 |
| EPS | ₹77.38 |
| Dividend yield | 0.83% |
The market will now track how ICICI Bank uses the additional foreign currency deposits and whether the higher deposit base translates into stronger earnings while managing pressure on margins.
Financial journalist specializing in market analysis, stock research, and investment trends. Dedicated to providing accurate, timely insights for informed decision-making.
Credentials: Experienced financial journalist with expertise in equity markets and economic analysis
The information provided in this article is for educational and informational purposes only and should not be construed as financial, investment, or legal advice. welomoney does not provide personalized investment recommendations.
For detailed terms and conditions, please read our Disclaimer and Terms of Service.
L&T has begun preliminary work on the New Tashkent International Airport project after receiving a limited notice to proceed.
DLF share price has 41% upside, according to HSBC’s target. Compare Jefferies, CLSA and other broker views on sales, cash flow and valuations.
Divi's Laboratories shares rose 1.01% to Rs 9,242.50 after a positive EU opinion on Eli Lilly's weight loss drug Foundayo. See the growth outlook.
Awfis revenue target exceeds Rs 1,800 crore for FY27, with flexible workspace demand supporting growth. Expansion and execution remain key to watch.
L&T has won a contract worth over Rs 15,000 crore. The client, project scope and execution timeline remain undisclosed, leaving its revenue impact...
