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INDIAN DIASPORA REMITTANCES
To drive up NRI investments, banks make FCNR deposits attractive with up to 7.1% return on dollar depositsIndia saw inflows topping $155 billion in 2025-26 via remittances. Add another estimated $50 billion from this scheme which will run until ...- Residents tempted to gatecrash FCNR party for NRIsWealthy Indians are finding ways to benefit from a new foreign currency deposit scheme. They are sending money to NRI relatives as gifts to...
- Banks court wealthy Indian diaspora in $50 billion deposit driveIndian banks are launching a global campaign to attract over $50 billion in deposits from the diaspora. This initiative aims to strengthen ...
- Banks likely to go all out to attract diaspora investmentRBI's decision to bear the hedging cost on FCNR-B deposits and exempt banks from maintaining the cash reserve ratio and statutory liquidity...
- India banks could raise $35-$40 billion via RBI's foreign currency deposit scheme, PNB CEO Ashok Chandra saysIndian banks anticipate raising up to $40 billion through foreign currency deposits. The Reserve Bank of India is backing a new scheme to a...
- RBI raises investment limits for NRIs, OCIs; Extends equity route to overseas individualsThe Reserve Bank of India has increased investment limits for Non-Resident Indians and Overseas Citizens of India in stock market equity in...
- Eurobank begins UPI-based remittances from GreeceEurobank has launched a UPI-based remittance service from Greece to India, enabling Indian customers to transfer money near-instantly at mi...
- The $138 bn buffer: India’s most visible export can rescue the rupeeIndia is considering a policy push to accelerate overseas deployment of skilled workers as part of a broader strategy to support the rupee ...
- Two pacts to boost India’s LPG supplies & strategic reserves during PM Modi's visit to UAEIndia and the UAE are likely to sign two MoUs on Friday focused on LPG supplies and strategic petroleum reserves during Prime Minister Nare...
- As PM Modi calls for conserving FX, what steps can India take?India's Prime Minister Narendra Modi calls for conserving foreign exchange due to rising oil prices and a weakening rupee. The nation is ex...
- India leads in global remittance inflows as overseas workforce and student migration growIndia maintained its position as the world's largest recipient of remittances in 2024, with inflows reaching $138 billion. This significant...
- India pushes for inclusive migration, stronger anti-trafficking laws at UNGAIn its pursuit of a more humane migration policy, India is developing a framework that embraces an inclusive ethos while confronting issues...
- RBI may have to bear forex risk to boost foreign money inflowsIndia may need central bank support to attract dollar investments, potentially through forex deposit schemes, to cover exchange risks and o...
- Indian investments in US on rise, creating American jobs: OfficialIndian companies are investing significantly in the United States. Recent data shows USD 16.4 billion in foreign direct investment, creatin...
- India’s $138 billion money bank outside the border is getting harder to shakeThe resilience of India's remittance system has reached new heights, with money sent home now more equipped to withstand external shocks. A...
- How UPI can make India an architect of global financial connectivityIndia's triumph with UPI in digital payments is on the brink of revolutionizing cross-border money transfers. The goal is to enhance the sp...
- Advanced economies drive surge in India remittancesThis diversification has reduced dependence on any single region and enhanced financial resilience.
- Indian diaspora sends home over $100 billion for second year in a rowMy 2023-24 remittances were influenced by migration trends, job opportunities, and costs, with the US as the primary source. India remained...
- Remittances from Indian diaspora on the riseVayalar Ravi told Lok Sabha today that there has been no decline in remittances from the approximately 25 million members of the Indian dia...
- Indian diaspora tops remittance listJust how much do the 27 million global desis, scattered across 190 countries around the world, contribute to the Indian economy?
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