NRIs can bring USD 70-80 bn into India through FCNR deposits: ExpertNon-Resident Indians can bring seventy to eighty billion US dollars into India. This inflow is possible through the ongoing FCNR initiative...
17 Jul, 2026, 11.53 AM IST
Foreign or local? Investors at loss over GIFT fundsInvestors are grappling with confusion when it comes to reporting GIFT City fund investments in their tax returns. Fund houses provide vary...
17 Jul, 2026, 07.41 AM IST
HSBC Offers 19x FCNR(B) Leverage in GIFT CityHSBC's GIFT City unit offers NRIs significant leverage on FCNR deposits. An NRI can borrow up to nineteen times their own funds for deposit...
17 Jul, 2026, 05.56 AM IST
RBI proposes stricter data governance framework for banks, NBFCs; seeks feedback by Aug 17The Reserve Bank of India has proposed a new data governance framework. This framework aims to strengthen data risk management for financia...
16 Jul, 2026, 12.38 PM IST
RBI pushes banks, NBFCs to own data risks across third partiesThe RBI has sought comments from the public by August 17 on its draft proposals titled 'Guidance on Regulatory Expectations for Data Govern...
16 Jul, 2026, 01.05 AM IST
Rupee slides to eight-week low as Middle East tensions, surging oil weigh on sentimentThe Indian rupee reached an eight-week low against the dollar on Tuesday. High crude oil prices and safe-haven dollar demand pressured the ...
15 Jul, 2026, 05.52 AM IST
RBI governor meets bank CEOs to discuss AI, geopolitics and ECL guidelinesCentral bank governor Sanjay Malhotra met bank chief executives on Tuesday. Geopolitical complexities and artificial intelligence were key ...
15 Jul, 2026, 05.39 AM IST
India Inc's overseas fundraise picks up pace in May to $4.7 bn: RBI dataIndian companies' external commercial borrowings proposals saw a significant jump in May. Total filings reached USD 4.74 billion, a notable...
14 Jul, 2026, 05.37 PM IST
Nirmala Sitharaman calls for greater NRI outreach to boost foreign currency inflowsFinance Minister Nirmala Sitharaman urged banks to intensify outreach to non-resident Indians. Innovative deposit products and foreign curr...
14 Jul, 2026, 12.53 AM IST
RBI steps up scrutiny of Corporate India's foreign investmentsIndian banks are now mandated to disclose their anti-money laundering measures concerning international business partners. Corporations wit...
13 Jul, 2026, 07.27 AM IST
Why is RBI now cutting down its $100 billion short dollar forward position; how will it impact Rupee?The Reserve Bank of India is carefully unwinding its large bearish dollar position. This move aims to support the rupee without causing mar...
13 Jul, 2026, 06.30 AM IST
FM Sitharaman to meet PSB chiefs to review foreign currency deposit driveFinance Minister Nirmala Sitharaman will meet public sector bank chiefs Monday. They will review efforts to attract foreign currency deposi...
12 Jul, 2026, 10.45 AM IST
Forex reserves rise $7.3 billion as FCNR & ECB flows pick upThe country's stockpile of assets denominated in foreign currencies rose $7.26 billion to $674 billion in the week ended July 3, the latest...
11 Jul, 2026, 12.10 AM IST
FM Nirmala Sitharaman to meets heads of PSU banks on Mon, review foreign currency deposit mobilisationFinance Minister Nirmala Sitharaman will meet public sector bank heads on Monday. The meeting will review progress on attracting foreign cu...
10 Jul, 2026, 07.51 PM IST
India's forex reserves rise $7.26 billion to $674.19 billion in week ended July 3India's foreign exchange reserves saw a substantial rise of $7.26 billion. These reserves reached $674.19 billion in the week ending July 3...
10 Jul, 2026, 05.24 PM IST
India's richer middle class is living a more dollar-linked life while earning in rupeesDollar spending India: The country's expanding middle class now spends more on foreign goods and services. International travel and oversea...
09 Jul, 2026, 12.20 PM IST
India's US Treasury holding hits a 6-year low amid gold pushIndia's US Treasury holdings dropped to $181 billion in April. This reduction reflects a strategic shift in foreign asset diversification b...
09 Jul, 2026, 05.29 AM IST