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RBI looks to revive NRI deposit growth through FCNR(B) route, NRO accounts grow fastest: Bank of Baroda report - The Economic Times
The Reserve Bank of India's latest measures to attract foreign currency deposits could help revive NRI inflows after growth stalled in FY26, while a parallel shift is underway within the deposit base as NRO accounts emerge as the fastest-growing segment, according to a Bank of Baroda research report.
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economictimes.indiatimes.com
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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thehindubusinessline.com
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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thehindu.com
RBI allows banks to offer higher interest rates to NRIs/PIOs to mobilise forex
RBI temporarily lifts interest rate ceiling on NRI/PIO deposits to enhance forex reserves and attract foreign currency investments.
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RBI removes cap on NRI deposit rates until September
The Reserve Bank of India has temporarily removed interest rate ceilings on non-resident deposits, allowing banks to freely mobilize overseas funds until September 30, 2026. This…
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Canara Bank offers special deposit scheme for NRIs
Canara Bank has announced its FCNR (B) Special Deposit Scheme, designed to help Non-Resident Indians (NRIs) grow their savings while investing in India.
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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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RBI looks to revive NRI deposit growth through FCNR(B) route, NRO accounts grow fastest: Bank of Baroda report - The Economic Times
The Reserve Bank of India's latest measures to attract foreign currency deposits could help revive NRI inflows after growth stalled in FY26, while a parallel shift is underway…
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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…
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Bankers’ expect RBI to issue detailed FAQs on limited period high interest rate FCNR (B) deposits
Bankers anticipate RBI will release FAQs to clarify regulations and address concerns about high interest FCNR (B) deposits.