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South Indian Bank eyes inflows of up to $1 billion via fresh FCNR (B) deposits
The sharp rise in interest rates on FCNR (B) deposits follows RBI’s measures to bolster Dollar inflows, including by bearing the full hedging cost for fresh 3–5-year FCNR (B) deposits raised up to September-end 2026
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economictimes.indiatimes.com
RBI's FCNR push may boost banks' deposit growth: Crisil
Foreign currency deposits are poised for a boost as the RBI removes interest rate caps on certain non-resident accounts until September. This move aims to attract overseas funds,…
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timesofindia.indiatimes.com
Overseas branches can lend to NRIs for deposits in India
MUMBAI: Reserve Bank of India has opened the floodgates for foreign capital, allowing Indian banks to route money from overseas branches to non-resident Indians for deposits back…
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Bank of India eyes $3.5 billion foreign currency inflows on RBI's dollar push
Bank of India aims to raise approximately $3.5 billion through foreign currency deposits and overseas borrowings, leveraging recent RBI measures. This strategic move, including $1…
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thehindubusinessline.com
South Indian Bank eyes inflows of up to $1 billion via fresh FCNR (B) deposits
The sharp rise in interest rates on FCNR (B) deposits follows RBI’s measures to bolster Dollar inflows, including by bearing the full hedging cost for fresh 3–5-year FCNR (B)…
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NRI money could ease banks' funding crunch before powering India's capex: Axis Bank CEO - The Economic Times
Indian banks are set to leverage new foreign-currency deposits from the diaspora to replace costly funding, according to Axis Bank CEO Amitabh Chaudhry. This move, enabled by a…