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Attracting NRI inflows: RBI temporarily withdraws interest rate ceiling on fresh FCNR(B) deposits of 3-5 yr tenor
The Reserve Bank of India seems to be pulling out all the stops to ensure that banks are able to attract deposits from Non-Resident Indians (NRIs).
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4 prospettive sulla stessa storiaTimeline cronologica
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thehindubusinessline.com
FCNR (B) deposits: Banks’ may face a tricky situation
Banks may struggle to retain FCNR (B) deposits as NRIs consider premature closures for higher interest rates on new deposits.
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Canara Bank launches new FCNR(B) Special Deposit Scheme for NRIs
Canara Bank introduces FCNR(B) Special Deposit Scheme for NRIs, offering up to 6.50% interest on USD deposits with tax benefits.
