Banks mobilise $27.99 billion via FCNR deposits since RBI introduced USD-rupee forex swap facilityBanks have mobilized USD 27.99 billion from non-resident Indians through a forex swap facility. Domestic payment frauds across all banks am...
03 Aug, 2026, 06.23 PM IST
Will FD investors get higher interest rates as Iran-US war continues and inflation shoots?Rising inflation and increased credit demand are pushing banks towards higher fixed deposit rates. Banks are also facing competition from s...
03 Aug, 2026, 04.37 PM IST
HDFC Bank, ICICI Bank raise FCNR (B) interest rates: Depositors to get up to 6.25% rates on select tenures; check detailsHDFC Bank and ICICI Bank have raised FCNR(B) deposit rates by twenty-five basis points. This increase applies to select US dollar FCNR(B) d...
03 Aug, 2026, 01.05 PM IST
RBI provides banks greater flexibility to determine bulk deposit interest rates; changes effective from October 1, 2026New Reserve Bank of India rules will change bank deposit interest rate disclosures starting October 2026. Banks will gain flexibility in se...
03 Aug, 2026, 11.47 AM IST
India sees dollar deposit deluge on FCNR(B) waveFCNR(B) deposits accounted for $36.72 billion of the inflows, exceeding the $26 billion mobilised under a similar scheme in 2013, in less t...
02 Aug, 2026, 06.26 AM IST
RBI's FCNR, forex schemes draw $40.81 billion in inflows so farSignificant capital inflows have been recorded, thanks to the proactive measures taken by India's central bank. The Reserve Bank of India f...
01 Aug, 2026, 02.14 PM IST
RBI likely to hold repo rate at 5.25%, market to focus on policy guidance: NuvamaThe Reserve Bank of India will likely keep its repo rate unchanged at 5.25 percent. Policymakers are expected to adopt a cautious wait-and-...
01 Aug, 2026, 12.25 PM IST
Deposit rates rise as banks fight for fundsBanks increased fresh term deposit rates in June, led by private lenders. The average domestic term deposit rate rose to 5.99% for schedule...
01 Aug, 2026, 07.30 AM IST
RBI gives banks more time to implement bulk deposit rate norms, deadline now Oct 1Banks now have until October 1 to implement new differential interest rate rules. These norms allow varied rates on bulk deposits consideri...
30 Jul, 2026, 09.11 PM IST
FCNR(B) deposit drive could pressure banks' profitabilityBanks' leverage on FCNR(B) deposits could pressure profit margins. Overseas interest rates are lower, and lending spreads remain thin. This...
29 Jul, 2026, 12.30 AM IST
Senior citizen FD rates 2026: Use an FD calculator to maximise your retirement returnsSenior citizens can earn up to 7.75% p.a. on Bajaj Finance fixed deposits. An online calculator helps estimate maturity amounts for retirem...
28 Jul, 2026, 04.47 PM IST
Higher FCNR and NRE FD interest rates: This bank revises NRE rates to 7.60% and FCNR rates to 7.40%; check detailsAU Small Finance Bank has raised interest rates on FCNR(B) and NRE fixed deposits. These new rates are effective from July 27, 2026, for sp...
28 Jul, 2026, 02.08 PM IST
HSBC wins $5.5 billion of NRI deposits via leveraged strategyHSBC has mobilised about $5.5 billion in non-resident Indian deposits by offering highly leveraged loans under the RBI's FCNR(B) window, ou...
28 Jul, 2026, 11.24 AM IST
Small, medium banks offer higher rates to attract NRI depositsSmall and mid-sized Indian banks are ramping up FCNR(B) deposit rates to attract non-resident Indians after interest rate deregulation, off...
28 Jul, 2026, 12.38 AM IST
Foreign capital inflows hit $32 billion as FCNR(B) deposits break 2013 recordIndia has attracted nearly $32 billion in foreign capital since the RBI announced special inflow measures on June 5, Governor Sanjay Malhot...
27 Jul, 2026, 12.45 PM IST
AU Small Finance Bank raises NRI deposit rates by 30-60 basis pointsAU Small Finance Bank has increased its non-resident deposit rates by up to sixty basis points. The bank raised its peak interest rate on F...
27 Jul, 2026, 12.17 PM IST
$17.4 billion flows into FCNR(B) deposits: Which bank offers the best 3-year FCNR(B) FD rate—SBI, PNB, HDFC Bank, ICICI Bank or Canara Bank?Foreign currency deposits have seen significant inflows after a new RBI scheme. Canara Bank offers the highest 3-year FCNR(B) USD fixed dep...
22 Jul, 2026, 10.42 AM IST