Storia in 3 fonti

Banks seek RBI nod on Guarantee Rule to boost NRI deposit inflows

Banks are urging the RBI to clarify regulations for the new FCNR deposit scheme, aiming to attract diaspora funds. They seek a tweak in wording to allow Non-Resident Indians to leverage multiple times for investments, crucial for the scheme's success in arresting the rupee's slide.

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economictimes.indiatimes.com

thehindubusinessline.com

cryptobriefing.com

Confronto fonti

3 prospettive sulla stessa storia

AI · summaries

cryptobriefing.com18 h fa

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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thehindubusinessline.com1 g fa

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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Timeline cronologica

mercoledì 10 giugno 2026·economictimes.indiatimes.com
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…
mercoledì 10 giugno 2026·economictimes.indiatimes.com
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…

Banks seek RBI nod on Guarantee Rule to boost NRI deposit inflows

Confronto fonti

Banks target Indian diaspora in $50B deposit drive to support the rupee

Banks look to foreign funding to maximize RBI’s bazooka

Timeline cronologica

Some lenders hike rates on FX deposits for non-resident Indians - The Economic Times

Banks pay 7% on dollar deposits as India seeks fresh foreign currency

Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflows

FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move? - The Economic Times

Banks raise NRI deposit rates to draw dollar inflows - The Economic Times

RBI's measures may attract USD 60-70 billion foreign capital, support rupee: India Ratings

Banks kick-off rate hikes on FCNR (B) deposits

Banks look to foreign funding to maximize RBI’s bazooka

Smaller lenders offer over 7% on USD deposits in bid to attract FCNR(B) deposit rates

RBI move sparks race among banks to raise FCNR(B) deposit rates; smaller lenders offer over 7% on USD deposits

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…

Banks target Indian diaspora in $50B deposit drive to support the rupee

Banks court wealthy Indian diaspora in $50 billion deposit drive - The Economic Times

PNB, Ujjivan raise FCNR deposit rates

RBI pushes banks to bring more dollars home

Banks seek RBI nod on Guarantee Rule to boost NRI deposit inflows

Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflows