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Speaking to reporters on the sidelines of the Global Fintech Fest 2026 in Mumbai on Thursday, Setty addressed the liquidity surge following the conclusion of the central bank's concessional swap window. "I don't think the FCNR-B inflows we have gotten will lead to any sort of abnormal lending... it'll take at least three to four months to deploy these inflows into the banking system," Setty said. When asked about SBI's specific share of the mobilization, Setty declined to disclose the exact figure raised by the country's largest state-owned lender, which had set an initial target of nearly USD 10 billion. The Reserve Bank of India launched its concessional swap facility on June 8 to attract fresh FCNR(B) deposits, external commercial borrowings, and overseas foreign currency bonds. The scheme triggered massive foreign capital inflows, reaching USD 136.4 billion by August 31. Commercial banks mopped up USD 127.2 billion in FCNR(B) deposits alone-far outpacing market expectations of USD 90-100 billion. Due to the overwhelming response, the RBI advanced the scheme's closing date to August 31, ending the window a month earlier than its original September 30 deadline. Separately, in an exclusive interaction with ANI, Setty also pointed to rapid structural shifts in capital market infrastructure, highlighting the transition toward asset tokenisation. "This is a wider movement towards tokenisation. If you remember we had done tokenisation of certificate of deposits and now this is a next instrument ...market instruments are getting tokenised, it's a good beginning," Setty said. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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