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Banks target Indian diaspora in $50B deposit drive to support the rupee
India's RBI reopens FCNR(B) deposit window to attract up to $60 billion from NRIs abroad, offering 5.5%-7% rates on dollar deposits to stabilize the rupee.
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economictimes.indiatimes.com
From tax exemption to FCNR(B) deposits: How India is trying to attract foreign capital
India is taking steps to attract foreign investment and boost its economy. The Reserve Bank of India and the government have introduced new measures. These aim to bring in more…
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thehindubusinessline.com
‘$55-65 billion expected to flow into the country on RBI measures on FCNR (B) deposits, ECBs
About $55-65 billion is expected to flow into the country due to the RBI move to bear the full hedging cost of banks for raising fresh 3- 5-year FCNR (B) deposits and providing a…
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Some lenders hike rates on FX deposits for non-resident Indians - The Economic Times
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…
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Banks pay 7% on dollar deposits as India seeks fresh foreign currency
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…
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FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move? - The Economic Times
FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September 30, 2026. This move allows banks to offer higher…
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Latest FCNR interest rates: HDFC Bank, SBI, ICICI Bank, PNB, Central Bank of India and more - The Economic Times
Several Indian banks have updated their Foreign Currency Non-Resident Bank FCNR(B) interest rates. This comes after the government announced it would cover hedging costs for new 3…
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Banks raise NRI deposit rates to draw dollar inflows - The Economic Times
Indian banks are offering higher interest rates on foreign currency deposits. This move aims to attract money from overseas residents. The Reserve Bank of India has introduced new…
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RBI's measures may attract USD 60-70 billion foreign capital, support rupee: India Ratings
New measures by the RBI and government aim to attract foreign capital. These steps are expected to bring in USD 60-70 billion. This influx will support the Indian rupee. Reforms…
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Banks kick-off rate hikes on FCNR (B) deposits
Banks raise FCNR (B) deposit rates to 6-7%, enhancing returns for depositors amid RBI's strategies to attract dollar inflows.
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timesofindia.indiatimes.com
After RBI measures, banks offer up to 7% on dollar deposits
MUMBAI: Banks have begun passing on benefits from the Reserve Bank of India’s free hedging window to non-resident customers, pushing up Foreign Currency Non-Resident (Bank)…
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Banks look to foreign funding to maximize RBI’s bazooka
Lenders have sought clarity on using NRI deposits as collateral to help attract additional foreign capital under the RBI’s latest scheme.
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Smaller lenders offer over 7% on USD deposits in bid to attract FCNR(B) deposit rates
Smaller banks raise FCNR(B) deposit rates over 7% as RBI aims to boost US dollar inflows from NRIs.
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RBI move sparks race among banks to raise FCNR(B) deposit rates; smaller lenders offer over 7% on USD deposits
Banks are aggressively increasing interest rates on NRI dollar deposits. This move follows a special RBI dispensation to boost foreign currency inflows. Several lenders are now…
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FCNR interest rates up to 7.13%: NRIs, OCIs, POIs can earn higher returns as PNB, ICICI Bank, Axis Bank and others revise rates - The…
FCNR interest rates: Banks are increasing interest rates on Foreign Currency Non-Resident (FCNR-B) deposits for NRIs, OCIs, and POIs. This follows the RBI's announcement to cover…
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cryptobriefing.com
Banks target Indian diaspora in $50B deposit drive to support the rupee
India's RBI reopens FCNR(B) deposit window to attract up to $60 billion from NRIs abroad, offering 5.5%-7% rates on dollar deposits to stabilize the rupee.
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Banks court wealthy Indian diaspora in $50 billion deposit drive - The Economic Times
Indian banks are launching a global campaign to attract over $50 billion in deposits from the diaspora. This initiative aims to strengthen foreign exchange reserves and support…