FCNR(B) related liquidity may take 3-4 months to get deployed: SBI Chairman Setty

FCNR Cash Inflows Won't Cause Abnormal Lending, Liquidity Deployment to Take 3–4 Months: SBI Chairman

Get latest articles and stories on Business at LatestLY. State Bank of India Chairman CS Setty dismissed concerns that massive Foreign Currency Non-Resident (Bank) deposit inflows could trigger reckless credit expansion, stating the funds will be absorbed gradually over the coming months. Business News | FCNR Cash Inflows Won't Cause Abnormal Lending, Liquidity Deployment to Take 3–4 Months: SBI Chairman.

GFF 2026: SBI sees FCNR liquidity deployment taking 3-4 months, eyes agentic AI for banking

State Bank of India anticipates deploying foreign currency deposits over three months. The bank is enhancing artificial intelligence adoption across key operational areas. Agentic AI will perform tasks autonomously, improving efficiency and risk management. This technology aims to extend personalized financial advice to millions of customers. Stronger controls and human oversight will guide AI's increasing financial participation.

FCNR(B) related liquidity may take 3-4 months to get deployed: SBI Chairman Setty

The SBI Chairman said banks are unlikely to deploy the surplus liquidity immediately, as the banking system had a ₹10.5 lakh crore surplus as of September 8.

After the huge FCNR (B) liquidity boost for banks, SBI Chairman Setty hopes everyone will be more responsible in lending  - BusinessToday

While agentic AI usage will grow, complex high-risk financial decisions should continue to have human oversight, said C. S. Setty, the chairman of India's largest lender SBI.