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NRI DEPOSIT MOBILISATION
RBI to bear full hedging cost on FCNR(B) depositsThe Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. This move aims to attract more ove...05 Jun, 2026, 10.02 PM IST- Bond won't help this time: Why RBI should hike interest rate, instead of unleashing forex mobilisation schemes as in the pastReserve Bank of India's past emergency tools for raising foreign currency are no longer effective. Global interest rates have changed the f...27 May, 2026, 12.21 AM IST
- Rupee under pressure: Weak inflows push India back to familiar defence toolsWith the rupee under pressure and international unrest growing, India is on the lookout for solutions to enhance dollar inflows. One potent...14 May, 2026, 11.33 PM IST
- 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...07 May, 2026, 05.34 PM IST
- Why the RBI is weighing a rare 2013-crisis playbook to arrest rupee slide to record lows?The rupee’s slide to fresh record lows and oil above $100 has prompted the RBI to revisit crisis-era tools from 2013, including a special N...04 May, 2026, 05.42 PM IST
- NRI deposit inflows at an 11-year high in FY25 as rates enticeNRI deposits in Indian banks surged to an 11-year high in FY25, reaching $16.2 billion, driven by attractive interest rates and rupee depre...23 May, 2025, 01.21 PM IST
- Kerala becomes battleground in banks’ fight for NRI depositsIndian banks are intensifying their efforts to attract deposits from non-resident Indians, particularly in Kerala, a hub for NRI remittance...18 Nov, 2024, 12.21 AM IST
- NRIs of the world, keep on depositingNon-resident deposits in India are growing steadily due to various positive factors, including the impact of the pandemic on savings patter...21 Jun, 2024, 10.51 PM IST
- ET in the classroom: How do NRI deposits help?NRI deposits are an attractive investment option and at the same a credible source of forex reserves for the country.04 May, 2016, 12.38 PM IST
- Per capita external debt up 17.55 per cent at Rs 21,493The per capita external debt was estimated at Rs 18,283 in 2012-13 and Rs 21,493 in 2013-14," Minister of State for Finance Nirmala Sithara...15 Jul, 2014, 04.33 PM IST
- Dena Bank raises NRI deposits rates by 1 per centDena Bank raised interest rates on NRI deposits of over three years by 1 per cent, days after the Reserve Bank deregulated interest rates o...19 Aug, 2013, 07.53 PM IST
- Banks raise $10 billion from NRE depositsBanks have mobilised more than $10 billion from overseas Indians through nonresident rupee deposit schemes since December.11 Jul, 2012, 07.36 AM IST
- RBI frees rates on NRE deposits to attract dollar inflowsIt has decided to deregulate interest rates on non-resident (external) rupee (NRE) deposits and ordinary non-resident (NRO) accounts with i...17 Dec, 2011, 05.31 AM IST
- Overseas deposit inflows hit by a volatile rupeeNon-resident external-rupee account (NRE (RA)) deposits see secular decline in the last 3 months. Bubble trouble: What, why and how? | Tips...26 May, 2010, 02.07 AM IST
- Overseas deposit inflows hit by a volatile rupeeA volatile rupee has had its impact on non-resident deposits.26 May, 2010, 01.37 AM IST
- NRIs double funds parked at Indian banks to $2.7 bnThe surge in NRI inflows is in sharp contrast to the trend back home as resident Indians have slowly started shunning bank deposits. Where ...13 Nov, 2009, 01.40 AM IST
- Citi battles mess in NRI businessCiti financial services group puts its NRI biz under scanner amid reports of regulatory lapses.22 Feb, 2007, 02.45 AM IST
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