Foreign currency deposits have seen significant inflows after a new RBI scheme. Canara Bank offers the highest 3-year FCNR(B) USD fixed dep...

Banks are attracting NRI dollar deposits through RBI's FCNR(B) window. These deposits offer projected returns of thirteen to sixteen percen...

The Reserve Bank of India's special deposit scheme is successfully attracting significant foreign currency from overseas Indians. Banks hav...

In a remarkable financial boost, India's central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a ...

Banks anticipate a surge in FCNR-B deposits before the September deadline. Initial inflows have been below expectations, but partnerships a...

The scheme allows customers to borrow up to 12 times their deposit amount and offers indicative effective annual returns of up to 16.2%, de...

HSBC's GIFT City unit offers NRIs significant leverage on FCNR deposits. An NRI can borrow up to nineteen times their own funds for deposit...

India experienced a significant current account deficit of $2 billion in May 2026, primarily driven by a surge in merchandise imports that ...

Union Bank of India achieved a remarkable 27.5% surge in its net profit for the June quarter. The bank experienced a subtle rise in net int...

India has attracted about ten billion dollars through a special deposit program. This initiative aims to bolster foreign exchange reserves ...

NRIs investing in India must understand tax rules and residential status. Double Taxation Avoidance Agreements offer beneficial tax treatme...

Finance Minister Nirmala Sitharaman urged banks to enhance outreach to Non Resident Indians. Banks are offering attractive returns on forei...

NRIs face complex tax rules when selling Indian property, often leading to excess tax deductions. Obtaining a Lower TDS certificate can pre...

Indian Bank aims for Rs 5,500 crore bad loan recovery this financial year. The bank has already collected USD 140 million in foreign curren...

The Reserve Bank of India will review foreign currency deposit inflows next week. This meeting follows rising Middle East tensions and pote...

Non-resident Indians (NRIs) and overseas citizens of India (OCIs) can consider investing in FCNR(B) and NRE fixed deposits to achieve relia...

Banks are raising returns on FCNR(B) deposits after the RBI eased norms to attract foreign currency inflows. Ujjivan Small Finance Bank now...