Non-resident Indians residing in Singapore and the United States are expressing significant concerns over withholding taxes. These taxes th...

HSBC Bank's IFSC unit offers Non-Resident Indians significant leverage on FCNR(B) deposits. This strategy allows investors to borrow up to ...

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

Expected FCNR(B) deposit inflows are now projected at fifty to fifty-five billion dollars. Taxation complexities for nonresidents and tight...

Axis Bank on Saturday reported a 23% year-on-year increase in standalone quarterly net profit, aided by lower provisions, even as its pre-p...

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...

State Bank of India mobilized nearly two billion dollars under a central bank incentive. This amount significantly surpasses other state-ow...

Non-Resident Indians can bring seventy to eighty billion US dollars into India. This inflow is possible through the ongoing FCNR initiative...

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...

Government support for FCNR(B) deposits until September 2026 has sparked renewed investor interest. Banks are now offering higher interest ...

Central bank governor Sanjay Malhotra met bank chief executives on Tuesday. Geopolitical complexities and artificial intelligence were key ...

Finance Minister Nirmala Sitharaman urged banks to intensify outreach to non-resident Indians. Innovative deposit products and foreign curr...

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

A steep UK tax on 'global earnings' and the bar on treating interest on certain loans as 'deductible' have reduced the appeal of foreign cu...

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

Indian banks are experiencing a slowdown in special foreign currency deposit collection. Rising overseas borrowing costs are impacting bank...

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