Government will meet state-owned lenders to attract foreign investment. This aims to stabilize the rupee and bridge the current-account gap...

UAE is poised to spearhead India's special FCNR(B) deposit scheme, with enticing dollar rates and beneficial tax incentives attracting cons...

First Abu Dhabi Bank is offering up to $1.5 billion in financing to non-resident Indians investing in India's foreign-currency deposit sche...

State Bank of India mobilized nearly two billion dollars under a central bank incentive. This amount significantly surpasses other state-ow...

Finance Minister Nirmala Sitharaman urged banks to intensify outreach to non-resident Indians. Innovative deposit products and foreign curr...

Finance Minister Nirmala Sitharaman urged banks to enhance outreach to Non Resident Indians. Banks are offering attractive returns on forei...

The Reserve Bank of India will review foreign currency deposit inflows next week. This meeting follows rising Middle East tensions and pote...

State Bank of India has raised over $1.5 billion from overseas citizens. This program offers attractive returns due to Reserve Bank of Indi...

The push comes amid RBI measures to incentivise foreign currency inflows, including swap facilities and hedging cost support for FCNR(B) de...

India is taking steps to attract foreign investment and boost its economy. The Reserve Bank of India and the government have introduced new...

RBI's decision to bear the hedging cost on FCNR-B deposits and exempt banks from maintaining the cash reserve ratio and statutory liquidity...

The Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. This move aims to make these depos...

The Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. This move aims to attract more ove...

The Reserve Bank of India will let the rupee's value be set by the market. It will only step in if trading becomes too unstable. Simultaneo...

India's Prime Minister Narendra Modi calls for conserving foreign exchange due to rising oil prices and a weakening rupee. The nation is ex...

Even after depleting 11% of its foreign-currency arsenal, the Reserve Bank of India has only managed to keep the rupee near an all-time-low...

The government is working on the battery-swapping policy and standards for EV batteries, he said, calling it a huge opportunity for all the...