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India's banking system liquidity surplus surges to record Rs 9.71 lakh crore as of September 2: RBI data
Sep-04-2026

Reserve Bank of India's (RBI) data showed that India’s banking system liquidity surplus has rose to a record high of Rs 9.71 lakh crore as on September 2, 2026, surpassing the previous peak of Rs 9.21 lakh crore recorded in September 5, 2021. The record surplus was primarily boosted by inflows from the RBI's FCNR (B) scheme. 

According to the data, the RBI's special forex measures mobilised $136.38 billion by August 31, including $127.23 billion through FCNR(B) deposits, $5.26 billion through OFCBs and $3.89 billion via ECBs. The FCNR(B) window was closed a month early on August 31 due to the strong response, while the ECB/OFCB facility remains open till December 31 and inflows through these routes are expected to pick up. 

The mobilisation brought foreign currency into the banking system, while the subsequent swaps with the RBI provided rupee liquidity to banks. Besides FCNR(B) inflows, month-end government expenditure, including payments towards salaries and pensions, also added to liquidity in the banking system. 


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