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RBI's forex easing may cut overseas borrowing costs for banks, boost inflows: Report
The Reserve Bank of India's recent measures to encourage overseas fund raising could reduce banks' borrowing costs through the external commercial borrowing (ECB) route by 2-2.5 per cent, while supporting liquidity and foreign currency inflows, according to a report by Motilal Oswal Financial Services.
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economictimes.indiatimes.com
FX swap window may spur PSU rush for overseas loans
Public sector units like PFC, REC, and NaBFID are poised to increase their External Commercial Borrowings (ECBs) to leverage the RBI's 1.5% fixed-rate swap. This initiative is…
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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 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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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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thehindubusinessline.com
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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RBI forex measures to lower banks' overseas borrowing costs by 2-2.5 per cent, aid inflows: Report
New RBI measures aim to make overseas borrowing cheaper for banks. External commercial borrowing costs may drop by up to 2.50 percent. This will help banks raise funds at lower…
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RBI's forex easing may cut overseas borrowing costs for banks, boost inflows: Report
The Reserve Bank of India's recent measures to encourage overseas fund raising could reduce banks' borrowing costs through the external commercial borrowing (ECB) route by 2-2.5…
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RBI pushes banks to bring more dollars home
The push comes amid RBI measures to incentivise foreign currency inflows, including swap facilities and hedging cost support for FCNR(B) deposits, aimed at strengthening forex…
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Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflows
In an ambitious bid to enhance India's foreign currency reserves, the Reserve Bank of India is urging banks to ramp up their efforts in attracting foreign currency non-resident…