FCRA Bill 2026: State Bank of India (SBI) has raised some important questions regarding the FCRA Amendment Bill 2026 brought in Parliament. The bank has asked the Joint Parliamentary Committee (JPC) what happens to the money deposited in an institution’s account if its registration is suspended. Officials led by SBI chairman Challa Srinivasulu Shetty conveyed their concerns to the JPC which was reviewing the bill. Assembly Secretary Rajeev Mani was also present in the same meeting. Presenting the government’s side, he said the new rules would strengthen accountability.

Account of crores of funds

SBI explained the entire situation through figures in its presentation. The JPC was told that the bank’s New Delhi main branch has a total of 25,432 FCRA accounts. Of these, 14,440 accounts are active which is 57 percent of the total accounts. 10,992 accounts (43 percent) are banned. Along with this, 24,915 designated accounts are also running. The amount of foreign donations coming into the bank is huge. Last year the bank received 88,409 remittances, totaling Rs. 23,912 crores. By August 31 this year, the bank has received Rs. 33,397 remittances of over 9,263 crores have been received.

Big crisis against small organizations

The Bank has expressed great concern to the Committee about NGOs working in small rural areas. SBI says that if these institutions are not able to renew their registration on time, it will be difficult for them to use their own funds. Apart from this, the bank also mentioned technical problems. Many times the organization’s registration is over, but its official information takes some time to reach the bank. SBI has demanded that legal protection be given to the bank regarding the transactions taking place in the meantime.

Sought instructions regarding management of accounts

SBI has put several direct questions to the government. The bank wants to know whether when the control of an NGO passes to an authority designated by the government, whether the accounts should be completely frozen or some restrictions should be imposed on them and they should be kept active. It should be clear who will operate this account. The bank has also asked to clarify the position on how new money coming into the account, pre-existing balance and fixed deposit (FD) interest will be handled. The bill certainly talks about government control over assets related to foreign donations, but the detailed banking process is yet to come. On the other hand, Assembly Secretary Rajeev Mani has clarified that these stringent provisions are directly aimed at making foreign-funded properties more transparent.