Punjab National Bank will begin acquisition finance in the third quarter of this fiscal year. The bank aims to mobilize USD 2.5 billion in ...

Non-Resident Indians can park their Indian income in NRO fixed deposits. These deposits offer attractive interest rates, with some banks pr...

Indian Overseas Bank aims to gather $650 million in foreign currency deposits by September. The bank has already secured $300 million witho...

A noticeable gap between credit and deposit growth is troubling the banking landscape. Consumers are shifting their savings from traditiona...

In a remarkable financial boost, India's central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a ...

Non-resident Indians residing in Singapore and the United States are expressing significant concerns over withholding taxes. These taxes th...

HSBC Bank's IFSC unit offers Non-Resident Indians significant leverage on FCNR(B) deposits. This strategy allows investors to borrow up to ...

Banks anticipate a surge in FCNR-B deposits before the September deadline. Initial inflows have been below expectations, but partnerships a...

Punjab National Bank is seeking a partner for its merger and acquisition financing portfolio. The bank aims to gather $2.5 billion in speci...

Expected FCNR(B) deposit inflows are now projected at fifty to fifty-five billion dollars. Taxation complexities for nonresidents and tight...

The scheme allows customers to borrow up to 12 times their deposit amount and offers indicative effective annual returns of up to 16.2%, de...

Indian state-run banks expect to raise nearly $30 billion through the RBI's subsidised NRI dollar deposit scheme by September 30, bankers t...

Government support for FCNR(B) deposits until September 2026 has sparked renewed investor interest. Banks are now offering higher interest ...

India and the UAE central banks have discussed regulatory hurdles affecting India's drive to attract foreign-currency deposits from NRIs in...

Lending and deposit rates will likely moderate gradually in coming months. High-cost legacy deposits are maturing, and liquidity remains co...

India has attracted about ten billion dollars through a special deposit program. This initiative aims to bolster foreign exchange reserves ...

Finance Minister Nirmala Sitharaman will meet public sector bank chiefs Monday. They will review efforts to attract foreign currency deposi...