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Euphoria over FCNR (B) deposits misplaced
Sections of the Indian diaspora in the US are facing an income squeeze, which may cloud the prospects of this scheme
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thehindubusinessline.com
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.
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Banks dangle mega returns to lure NRIs to FCNR(B) deposits
Indian banks attract NRIs with FCNR(B) deposits offering up to 14% returns and significant leverage on investments.
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economictimes.indiatimes.com
New FCNR USD deposits offering up to 6.5% interest rate: Bank of Baroda, Indian Overseas Bank and others launch schemes for NRIs, OCIs -…
Following RBI's measures to boost foreign currency inflows, several banks like Canara Bank, Federal Bank, Bank of Baroda, and IOB have launched FCNR(B) schemes with attractive US…
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RBI temporarily eases NRI deposit rate norms to attract overseas funds
The Reserve Bank of India has eased interest rate rules for overseas deposits. This allows banks to offer better returns on FCNR(B) and NRE accounts. The changes aim to attract…
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How NRIs, OCIs may benefit as RBI allows banks to offer higher interest rates on certain FCNRs, NREs - The Economic Times
The Reserve Bank of India has temporarily lifted interest rate restrictions on certain NRE and FCNR(B) deposits until September 30, 2026. This move aims to attract foreign…
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RBI temporarily withdraws rate caps on FCNR(B), NRE deposits till Sept 30
The Reserve Bank of India has removed interest rate caps on specific non-resident deposits. This move grants banks more freedom to attract foreign funds. The changes are effective…
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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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Equitas SFB hikes USD FCNR (B) deposit rate to 7.13% p.a
Equitas Small Finance Bank Limited, has hiked its FCNR (B) deposit rates.
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Banks seek RBI nod to let NRIs break & rebook existing deposits
To incentivise foreign currency inflows, the Reserve Bank of India will swap fresh dollar term deposits raised until end-September at par. In effect, the RBI will bear the entire…
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Banks seek RBI nod to let NRIs break & rebook existing deposits - The Economic Times
To incentivise foreign currency inflows, the Reserve Bank of India will swap fresh dollar term deposits raised until end-September at par. In effect, the RBI will bear the entire…
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Euphoria over FCNR (B) deposits misplaced
Sections of the Indian diaspora in the US are facing an income squeeze, which may cloud the prospects of this scheme
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Bandhan Bank increases FCNR(B) deposit rates to 7.1% after RBI forex swap move
Bandhan Bank raises FCNR(B) deposit rates to 7.1% for NRIs, enhancing returns amid RBI's forex swap initiative.
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timesofindia.indiatimes.com
Depositors await clarity on leverage
MUMBAI: Reserve Bank of India’s sweeping overhaul of FCNR(B) deposit rules has triggered intense interest among non-resident investors, but a lack of clarity on leveraged…
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Banks seek RBI clarity on leveraged NRI FCNR deposit structures
Indian banks are seeking clarity from the RBI on allowing overseas branches to lend to non-residents for FCNR(B) deposits. Some lenders, like SBI, have already launched structured…