South Indian Bank raises FCNR deposit rate to 6.5 pc after RBI swap windowSouth Indian Bank has boosted interest rates on US dollar deposits for Non-Resident Indians to 6.5% per annum for 3-5 year tenures. This mo...
19 Jun, 2026, 06.08 PM IST
Bandhan Bank increases FCNR(B) deposit rates to 7.1 pc after RBI forex swap moveBandhan Bank has raised interest rates on Foreign Currency Non-Resident Bank deposits for non-resident Indian customers. US dollar deposits...
19 Jun, 2026, 02.40 PM IST
India short-bond rally faces risks from cash drain, analysts SayBofA Securities and Bandhan AMC Ltd. expect the Reserve Bank of India to step up short-term cash withdrawal operations in coming months as ...
19 Jun, 2026, 08.21 AM IST
Banks seek RBI nod to let NRIs break & rebook existing depositsTo incentivise foreign currency inflows, the Reserve Bank of India will swap fresh dollar term deposits raised until end-September at par. ...
19 Jun, 2026, 12.20 AM IST
RBI cancels licence of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit BankThe Reserve Bank of India has cancelled the banking license of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank due to its de...
18 Jun, 2026, 04.42 PM IST
RBI removes cap on NRI deposit rates until SeptemberThe Reserve Bank of India has temporarily removed interest rate ceilings on non-resident deposits, allowing banks to freely mobilize overse...
18 Jun, 2026, 05.57 AM IST
RBI temporarily withdraws rate caps on FCNR(B), NRE deposits till Sept 30The Reserve Bank of India has removed interest rate caps on specific non-resident deposits. This move grants banks more freedom to attract ...
17 Jun, 2026, 10.18 PM IST
RBI temporarily eases FCNR(B), NRE deposit rate norms to attract overseas fundsThe Reserve Bank of India has eased interest rate rules for overseas deposits. This allows banks to offer better returns on FCNR(B) and NRE...
17 Jun, 2026, 07.58 PM IST
How NRIs, OCIs may benefit as RBI allows banks to offer higher interest rates on certain FCNRs, NREsThe Reserve Bank of India has temporarily lifted interest rate restrictions on certain NRE and FCNR(B) deposits until September 30, 2026. T...
17 Jun, 2026, 06.39 PM IST
FCNR deposit rates up to 6.5%: Bank of Baroda, Indian Overseas Bank and others launch schemes for NRIs, OCIsFollowing RBI's measures to boost foreign currency inflows, several banks like Canara Bank, Federal Bank, Bank of Baroda, and IOB have laun...
17 Jun, 2026, 01.28 PM IST
Private banks remain in focus as credit growth strengthens; selectivity key amid valuation concerns: Dnyanada VaidyaPrivate sector banks are attracting investors with robust credit growth and stable asset quality. Experts anticipate a rate cycle shift, bo...
16 Jun, 2026, 11.37 AM IST
To drive up NRI investments, banks make FCNR deposits attractive with up to 7.1% return on dollar depositsIndia saw inflows topping $155 billion in 2025-26 via remittances. Add another estimated $50 billion from this scheme which will run until ...
15 Jun, 2026, 12.03 PM IST
FCNR(B) window may save banks Rs 4,000 croreBanks are poised to save approximately ₹4,000 crore annually by raising deposits through FCNR(B) accounts, as the RBI covers hedging costs,...
15 Jun, 2026, 05.58 AM IST
Explained: Why RBI’s FCNR(B) and ECB swap window could be a game changer for banksRBI’s FCNR(B) and ECB swap windows aim to boost liquidity, stabilise the rupee and ease funding costs for banks. Attractive returns for NRI...
14 Jun, 2026, 03.38 PM IST
PNB, Ujjivan raise FCNR deposit ratesPunjab National Bank and Ujjivan Small Finance Bank have raised interest rates on FCNR(B) USD deposits for Non-Resident Indians. This move ...
12 Jun, 2026, 11.45 PM IST
Higher crude prices fuel bank lending boom; credit growth hits 17.7%, fastest since June 2024Bank lending saw its fastest growth in almost two years by May 31, 2026. Credit expanded significantly, reaching Rs 215.2 lakh crore. This ...
12 Jun, 2026, 01.06 PM IST
RBI move sparks race among banks to raise FCNR(B) deposit rates; smaller lenders offer over 7% on USD depositsBanks are aggressively increasing interest rates on NRI dollar deposits. This move follows a special RBI dispensation to boost foreign curr...
12 Jun, 2026, 12.29 PM IST