The move comes in the wake of recent measures announced by the Reserve Bank of India (RBI) to facilitate higher foreign currency inflows through FCNR(B) deposits. According to the bank, the RBI’s initiative is aimed at strengthening India’s external sector position and enhancing foreign exchange liquidity while encouraging greater participation from NRIs.
Commenting on the development, Hitendra Jha, Head – Retail Liabilities, TASC and TPP at Ujjivan Small Finance Bank, said the RBI’s decision reinforces confidence in India’s financial system and creates an attractive avenue for NRIs to participate in the country’s growth story.
“The initiative is expected to channel stable foreign currency inflows into the banking system, supporting financial stability and strengthening India’s external position,” Jha said.
He added that the bank remains committed to supporting the RBI’s vision through customer-centric banking solutions that create long-term value for customers while contributing to India’s economic progress.
Ujjivan SFB said the revised FCNR(B) framework is expected to support foreign exchange reserves while providing customers with secure investment opportunities. The bank added that such measures further strengthen India’s position as a preferred destination for global savings and investments.
Ujjivan Small Finance Bank serves more than one crore customers through 776 branches across 335 districts in 26 states and Union Territories. As of 31 March 2026, the bank’s gross loan book stood at ₹40,655 crore, while deposits were ₹45,668 crore. Its net worth stood at ₹6,816 crore.
