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FCNR(B) is now Plan A for Gulf NRIs, leaving India-focused funds behind - The Economic Times
Investment funds focused on India face fierce rivalry with the RBI's FCNR(B) deposit options. With investors drawn to the security of guaranteed dollar returns, fund managers are adjusting their tactics and reducing targets for offshore fundraising. This trend has prompted several clients to withdraw existing investments in favor of these attractive deposit schemes, signaling an anticipated capital reallocation after the September 30 cut-off.
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newsbytesapp.com
HDFC, ICICI raise dollar deposit rates to attract NRI funds
HDFC Bank and ICICI Bank have increased FCNR(B) deposit rates to attract dollar inflows, responding to rising global benchmark rates and competitive pressures in overseas markets.
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economictimes.indiatimes.com
Will FCNR (B) deposit scheme that's bringing billions of dollars to India end? RBI Governor says this
The Reserve Bank of India will continue its special FCNR(B) deposit scheme. This scheme has already attracted tens of billions of dollars into the country. Governor Sanjay…
