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 structures has left banks and high-net-worth individuals in a wait-and-watch mode even as flyers on social media promise 13.83% return to NRIs.

Sections of the Indian diaspora in the US are facing an income squeeze, which may cloud the prospects of this scheme

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…

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…

For the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.

Bankers anticipate RBI will release FAQs to clarify regulations and address concerns about high interest FCNR (B) deposits.