GIFT IFSC banking units are channeling foreign-currency deposits into financing. These units funded fifty-two billion dollars of FCNR(B) de...

India's economy shows strong near-term momentum, driven by domestic factors and exports. The Reserve Bank of India's deposit mobilisation o...

ICICI Bank secured approximately $17.88 billion via the RBI's special swap facility. This mobilization provides the bank with substantial f...

FCNR (B) deposit interest rate cuts have particularly been made in deposits of three to five years, which had higher interest rates after t...

Individuals over forty hold most bank deposits, while younger workers contribute less. Term deposits grew significantly, outpacing savings ...

The Reserve Bank of India reported that its foreign exchange forward position hit a new record in July, fueled by enticing measures that dr...

By the close of August, liquidity within the banking sector surged to close to Rs 5 lakh crore, fueled by government spending and inflow of...

In a recent assessment, Moody's Ratings pointed out the leadership transition risk stemming from HDFC Bank's CEO Sashidhar Jagdishan steppi...

India's economic outcomes show distortions, not solely free-market forces at play. Company earnings and asset valuations are influenced by ...

Non-Resident Indians (NRIs) hold the right to inherit property in India; however, selling such assets involves navigating a complex set of ...

The Enforcement Directorate froze bank deposits worth over fifty-one crore rupees. This action is part of a fresh probe into a massive bank...

The Indian rupee declined on Thursday, reversing early gains against the dollar. Importer dollar demand increased, and month-end pressures ...

Non-resident Indian deposits saw a significant year-on-year decrease in the first quarter. However, overall outstanding NRI deposits experi...

State Bank of India expects to gather USD 10 billion from non-residents and foreign investors. The bank's total business aims to reach Rs 2...

The RBI’s special forex swap facility has mobilised $73 billion in foreign exchange inflows as of August 21, with FCNR(B) deposits accounti...

Indian Bank expects its gold loan book to surpass Rs 1.5 lakh crore this financial year. This growth will be driven by increased loan volum...

FCNR (B) FD interest rates: The window for Non-Resident Indians to enjoy favorable FCNR(B) deposit rates is closing soon, specifically on A...