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INDIAN DIASPORA DEPOSITS
HSBC, ICICI Bank emerge as biggest FX lenders to India’s diaspora in GIFT CityHSBC and ICICI Bank led lending under a special foreign-exchange swap program. These two banks disbursed a combined $19.3 billion through t...- Indian diaspora deposits boost capital account to $33.5 billion surplus in July, RBI data showsOverseas deposits from the Indian diaspora significantly boosted the country's capital account surplus. This inflow helped offset the overa...
- New-age industries fuelling India's capex cycle, says SBI chiefCorporate spending on infrastructure projects is increasing across India. New sectors like data centers and green hydrogen are driving cred...
- Cash surplus softens India bond slide in oil-driven global routOn Wednesday, Indian government bonds showed some fluctuations but still managed to outperform their global counterparts. Rising oil prices...
- India bonds stuck in narrow range, focus on oil, RBI liquidity movesIndian bond traders are navigating uncertain waters as soaring oil prices weigh heavily on market sentiment. In response, the Reserve Bank ...
- Indian bonds end flat as traders gauge RBI liquidity approachIn a cautious trading session, Indian government bonds experienced little movement as the Reserve Bank of India implemented temporary liqui...
- India bonds muted after tepid response for RBI's cash-drain operationIndian government bonds hit a pause on Monday following a technical setback that disrupted cash withdrawal capabilities. To counteract a li...
- Indian economy growing faster than it looks? World Bank’s Neelkanth Mishra pushes back on doubts over 7.8% growthHigh-frequency data reveals that India's economy is on an upward trajectory, exhibiting robust growth. An executive highlights vibrant vehi...
- India bonds pause before weekly debt supplyIndian government bond yields remained steady on Friday morning, with traders eyeing an impending debt sale that could reveal market demand...
- Centre sees no cost pain for RBI on dollar delugeThe Reserve Bank of India anticipates minimal costs from significant forex inflows. High interest rates on US treasuries are expected to of...
- FCNR flows to complicate liquidity management, lead RBI to deploy more tools: EconomistsHigher FCNR(B) inflows are complicating the Reserve Bank's liquidity management. The banking system currently holds excess liquidity at a f...
- RBI faces about $11 billion bill on foreign deposits planIndia's central bank secured record diaspora funds, exceeding projections significantly. This fundraising effort may incur substantial cost...
- Aditya Birla Group gets Rs 24,000 crore bank commitments for Shell deal, 70% more than plannedAditya Birla Group secured loan commitments exceeding its initial acquisition funding needs. Axis Bank and State Bank of India offered subs...
- Record FCNR (B) inflows as banks mobilise $127 blnBanks mobilized over $127 billion from FCNR(B) deposits by August 31. Total dollar inflows reached $136.37 billion through special schemes....
- Indian banks slash FCNR deposit rates by up to 310 basis pointsIndian banks have lowered interest rates on foreign-currency deposits significantly. This action follows the closure of the Reserve Bank of...
- Foreign buying in Indian stocks hits 23-month high in August, RBI data showsIn August, foreign investors channeled an impressive $3.1 billion into Indian equities, marking the largest monthly inflow in nearly two ye...
- HDFC Bank CEO exit: Orderly succession key to investor confidence, says Moody’sIn a recent assessment, Moody's Ratings pointed out the leadership transition risk stemming from HDFC Bank's CEO Sashidhar Jagdishan steppi...
- Lenders may turn to OFCB route to raise more funds abroadIndian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic...
- RBI's concessional swap scheme mobilises $73 bn in less than 11 weeksThe RBI’s special forex swap facility has mobilised $73 billion in foreign exchange inflows as of August 21, with FCNR(B) deposits accounti...
- Citigroup, Axis Bank team up to leverage NRI deposits as RBI dollar inflows surgeCitigroup and Axis Bank have tied up to finance non-resident Indians investing in foreign-currency deposits, leveraging RBI rules that allo...
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