HDFC Bank has raised interest rates on Foreign Currency Non-Resident (FCNR) deposits to 6% for tenures of three to five years, effective June 10, 2026.

Banks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This move aims to attract significant foreign…

HDFC Bank has increased its Marginal Cost of Funds-based Lending Rates (MCLR) by up to 10 basis points, effective June 8, 2026. The revised rates now range from 8.05% to 8.65%…

HDFC Bank has raised its lending rates. The Marginal Cost of funds-based Lending Rate or MCLR will increase by up to 10 basis points. This change is effective from June 8, 2026.…

Karur Vysya Bank raises FCNR(B) US Dollar deposit rates to 7% for 3-5 years, boosting foreign currency inflows.

Indian banks have significantly increased interest rates on foreign currency deposits for Non-Resident Indians, with some hikes reaching 350 basis points. This move follows the…

Indian banks are significantly increasing rates on foreign-currency deposits to attract overseas residents, testing the central bank's new measures to boost capital inflows and…