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BANK DEPOSITS
RBI's $56.8 billion forex drive: How diaspora deposits reshape India's currency risk and balance sheetIndia's special forex package has successfully garnered over fifty-six billion dollars in deposits, surpassing expectations. This increased...
Independence Day 2026: The road to UPI — India’s payments revolution was centuries in the makingIndia’s payments ecosystem has evolved dramatically, from hundis and merchant networks that moved value across long distances to formal ban...
'India was, is and will be one of fastest-growing economies': SBI ResearchIndia remains one of the world's fastest-growing economies, demonstrating significant resilience. Strong credit and deposit growth indicate...
RBI to close FCNR(B) swaps a month earlier due to gushThe Reserve Bank of India has moved the FCNR(B) deposit deadline to August 31 in response to better-than-expected foreign currency inflows....
Independence Day 2026: 79 years of an India on the rise as its households dream biggerIndependence Day 2026: Today's Indian consumers are transforming their financial habits, with a declining focus on food expenditure within ...
RBI to close FCNR(B) forex swap facility early after strong dollar inflowThe Reserve Bank of India has closed its special forex swap facility early. This facility attracted significant foreign exchange inflows to...
FCNR, ECB measures to draw $90-95 bn capital inflows in FY27: ReportConcessional swap windows are expected to draw substantial capital inflows for India. These measures are projected to generate ninety to ni...
Indian bank deposits jump by $115 billion over three fortnights to record highIndian banking system deposits have reached a record high after recent significant growth. This surge is primarily supported by dollar infl...
Bank deposits hit decade-high growth as NRI dollar inflows cross $37 billionBank deposits saw their fastest growth in nearly ten years by July. Overseas Indians deposited about $37 billion in foreign currency accoun...
India needs to double infra investments to Rs 40 lakh cr/year to achieve growth ambitions: NaBFID MDIndia must double infrastructure investments to forty lakh crore rupees annually. This significant scaling up is crucial for achieving long...
FD interest rates up to 7.50% in August 2026: These 3 banks have revised FD rates; senior citizens can now get up to 8.05% rateFixed deposit interest rates: Union Bank of India, DCB Bank and Indian Bank have revised their fixed deposit (FD) interest rates. These rev...
FCNR (B) FD premature withdrawal rules: Check penalty and interest rate rules of HDFC Bank, SBI, ICICI Bank, Axis Bank, Kotak Mahindra BankFCNR(B) deposits serve as a reliable investment option for NRIs wishing to secure foreign earnings in India. Penalties can differ across in...
Govt taps inputs from public sector banks to lure foreign capitalGovernment will meet state-owned lenders to attract foreign investment. This aims to stabilize the rupee and bridge the current-account gap...
US Senate advances landmark crypto bill before heading on August recessJohn Thune, a Republican, early Saturday morning filed to set up a key procedural vote on the Clarity Act when the Senate returns from its ...
US Senate advances landmark crypto bill before heading on August recessSenator John Thune is advancing a significant bill to regulate cryptocurrencies. This legislation aims to provide the crypto industry with ...
SBI Q1 Results: Standalone profit rises 10% YoY to Rs 21,121 crore, beats estimatesState Bank of India reported a ten percent year-on-year net profit growth. Its net interest income also saw a fifteen percent rise during t...
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...