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STATE BANK OF INDIA FCNR STRUCTURES
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...- An eye for dollars: SBI brings in $1.9 billion in foreign-currency resources via special scheme, way ahead of peersState Bank of India mobilized nearly two billion dollars under a central bank incentive. This amount significantly surpasses other state-ow...
- FCNR(B) FD interest rates for NRIs: HDFC Bank, SBI, PNB, ICICI Bank and Axis Bank- which offers highest maturity on USD depositsGovernment support for FCNR(B) deposits until September 2026 has sparked renewed investor interest. Banks are now offering higher interest ...
- Union Bank Q1 Results: Profit rises over 27% to Rs 5,641 croreUnion Bank of India achieved a remarkable 27.5% surge in its net profit for the June quarter. The bank experienced a subtle rise in net int...
- 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 ...
- 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 ...
- 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...
- FCNR inflows may reduce banks' reliance on CD market in Q2 FY27: ReportForeign currency deposits may reduce bank reliance on certificate of deposit issuances. Strong credit growth will continue to support certi...
- FM Nirmala Sitharaman calls for enhanced NRI outreach to sustain foreign currency mobilisation momentumFinance Minister Nirmala Sitharaman urged banks to enhance outreach to Non Resident Indians. Banks are offering attractive returns on forei...
- Global headwinds to cap rupee gains through 2026: ET PollThe Indian rupee is projected for a slight recovery in coming months. Economists anticipate the rupee will rise just above 94 to the dollar...
- Indian Bank aims to recover Rs 5,500 from bad loans during FY27: MD Binod KumarIndian Bank aims for Rs 5,500 crore bad loan recovery this financial year. The bank has already collected USD 140 million in foreign curren...
- 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...
- UK tax rule weakens FCNR deposit appeal for wealthy NRIsA steep UK tax on 'global earnings' and the bar on treating interest on certain loans as 'deductible' have reduced the appeal of foreign cu...
- 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...
- 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...
- As West Asia boils again, RBI likely to assess FCNR flowsThe Reserve Bank of India will review foreign currency deposit inflows next week. This meeting follows rising Middle East tensions and pote...
- FCNR-B flows taper as higher costs trip math for double-digit returnsIndian banks are experiencing a slowdown in special foreign currency deposit collection. Rising overseas borrowing costs are impacting bank...
- FCNR(B) FD vs NRE FD: Where can NRIs earn more on $50,000 investment? Compare returns, currency risk and tax benefitsNon-resident Indians (NRIs) and overseas citizens of India (OCIs) can consider investing in FCNR(B) and NRE fixed deposits to achieve relia...
- How to strengthen Indian rupee without a rate hikeThe Indian Rupee has depreciated significantly against the US Dollar since early 2025. Measures were introduced to boost capital inflows an...
- NRIs looking to park your dollars? Ujjivan SFB offers 7.5%, DBS up to 5.6% on FCNR depositsBanks are raising returns on FCNR(B) deposits after the RBI eased norms to attract foreign currency inflows. Ujjivan Small Finance Bank now...
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