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DIASPORA DEPOSIT SWAP SCHEME
India's forex reserves rise $2.49 billion to $719.55 billion in week ended November 6India's foreign exchange reserves saw an increase of $2.49 billion during the week ending November 6. This rise follows two weeks of declin...- Senior citizens to get up to 7.40% interest rate on FDs: Federal Bank increases rate; check full listFederal Bank has announced an exciting increase in the added interest perk for senior citizens on fixed deposits, with rates climbing to 7....
- Valuation of top diaspora-led firms jumps 53 pc to USD 15 trillion on AI boom: ReportThe valuation of top global companies led by the Indian diaspora has surged to USD 15 trillion. The sharp increase is largely attributed to...
- Bank of Baroda hikes FD interest rate to up to 6.85%: Check latest rates for general, senior and super senior citizensBank of Baroda has increased its interest rate on the 555-day special deposit scheme by 10 basis points. This adjustment allows depositors ...
- West Bengal all set to host first ever Pravasi Bhartiya Divas scheduled next JanuaryWest Bengal is preparing to host the inaugural Pravasi Bhartiya Divas Convention in January 2027. The event will take place in Kolkata from...
- Indian diaspora a "living bridge between India and world": EAM Jaishankar at 19th Pravasi Bharatiya Divas website launchExternal Affairs Minister S Jaishankar highlighted the role of the Indian diaspora at the launch of the 19th Pravasi Bharatiya Divas 2027. ...
- How investors in India can compare forex investing spreads, execution, spreads, and hidden feesAn easy guide on understanding real investing costs, fund transfers, and platform performance across international investing brokers.
- RBI's $239 bn forward dollar position to limit rupee gains despite FPI inflows: ReportThe Reserve Bank of India currently has a net short position of USD 239 billion in the forward market, which may hinder the rupee's ability...
- India short bonds may underperform on rate hikes, cash squeezeIndia's bond market is experiencing changes due to recent interest rate hikes and tightening liquidity conditions. The Reserve Bank of Indi...
- Taxpayers fret over loose ends in amnesty scheme, seek CBDT clarity on foreign asset disclosure rules as deadline nearsMany taxpayers are unsure if they need to report various accounts due to ambiguous regulations. Clarification is being sought from the Cent...
- Woman deposits Rs 1 lakh in post office, postmaster issues receipt but no certificate, then runs away with her money; court orders department to pay her Rs 1.15 lakhA woman above 60 deposited Rs 1 lakh at Karnataka's Kodikoppa Post Office for a Senior Citizens' Savings Scheme account and Rs 500 for a sa...
- State Bank of India expands US footprint with new branch in TexasState Bank of India expanded its banking subsidiary footprint in the United States with the inauguration of a new branch of SBIC Bank in Fr...
- India's forex reserves fall $2.6 billion to $717 billion as of October 30India's foreign exchange reserves fell by $2.691 billion to $717.056 billion in the week ended October 30, extending a decline from their S...
- HDFC Bank to offer deposits under Capital Gains Accounts SchemeHDFC Bank has received government authorisation to offer deposits under the Capital Gains Accounts Scheme (CGAS), 1988. The facility will a...
- A month after RBI’s rate hike, banks start raising deposit rates as liquidity shrinks, Bank of India the latest to moveDomestic banks are beginning to increase their deposit rates due to shrinking liquidity conditions in the market. Bank of India recently an...
- Gulf investors eye India’s AI infrastructure and space tech even as broader interest stays subduedGulf-based investors are exploring opportunities in India's artificial intelligence and space technology sectors, despite overall subdued i...
- India’s forex reserves fall $1.2 billion to $719.74 billion as of October 24India’s foreign exchange reserves fell by $1.2 billion to $719.74 billion in the week ended October 24, according to the RBI. The decline f...
- Wary of RBI, banks back off from forex dealsThe banks, using the easy rupee liquidity created after the inflow of deposits from the diaspora, bought dollars and invested the funds in ...
- SBI's Setty sees 50 bps more rate hikes, says retail loan quality unlikely to sufferState Bank of India chairman CS Setty noted that upcoming rate hikes could affect discretionary consumption demand. He highlighted that ret...
- Banks seek relief from sustainable lending norms for FCNR(B) loansBanks have approached the International Financial Services Centres Authority regarding sustainable lending targets for international bankin...
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