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EMERGENCY CURRENCY SWAP PROGRAMME
SBI, Axis Bank among lenders set for $2 billion ECB fundraising via RBI swapMajor Indian banks, including SBI, Axis Bank, and Bank of Baroda, alongside Power Finance Corporation, are set to raise over $2 billion fro...
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...
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...
Reliance New Energy prepares battery-swapping rollout for EV two-wheelers in logistics, delivery segmentReliance New Energy is set to launch battery-swapping services for electric two-wheelers. This move targets the delivery and logistics sect...
SBI’s board clears record Rs 60,000 cr fundraise in FY27State Bank of India's central board has approved raising up to Rs 60,000 crore this fiscal through rupee and dollar bonds. This move aims t...
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. ...
Rupee’s oil relief capped by RBI's FX book, interest payment hedges, bankers sayThe Indian rupee's upward surge encounters some obstacles. As the Reserve Bank of India gradually dissolves a hefty foreign exchange forwar...
HDFC raises $750-m ECB, first under RBI's special swap planHDFC Bank has successfully raised $750 million in offshore bonds, marking the first to leverage the RBI's 1.5% fixed-rate swap for external...
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...
Emerging market bets split as global rate paths divergeInvestors are changing their strategies in emerging markets. Central banks in Indonesia, Hungary, and Poland are making different moves on ...
Hudco mulls $1 billion foreign debt under RBI forex swap facilityHudco aims to secure one billion dollars in foreign debt. This will be achieved through the Reserve Bank of India's concessional forex swap...
Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflowsIn an ambitious bid to enhance India's foreign currency reserves, the Reserve Bank of India is urging banks to ramp up their efforts in att...
RBI pushes banks to bring more dollars homeThe push comes amid RBI measures to incentivise foreign currency inflows, including swap facilities and hedging cost support for FCNR(B) de...
Banks raise NRI deposit rates to draw dollar inflowsIndian banks are offering higher interest rates on foreign currency deposits. This move aims to attract money from overseas residents. The ...
RBI's measures may attract USD 60-70 billion foreign capital, support rupee: India RatingsNew measures by the RBI and government aim to attract foreign capital. These steps are expected to bring in USD 60-70 billion. This influx ...
From tax exemption to FCNR(B) deposits: How India is trying to attract foreign capitalIndia is taking steps to attract foreign investment and boost its economy. The Reserve Bank of India and the government have introduced new...
RBI offers concessional swaps, allows leverage for NRI deposits to drive forex inflowsThe Reserve Bank of India has introduced new foreign exchange measures. These include special swap facilities to encourage state-owned comp...
RBI opens a dollar swap window to help hedge foreign borrowingsThe Reserve Bank of India is introducing a dollar-rupee swap facility for banks. This move aims to help state-run firms and lenders hedge t...
RBI exempts bank swap deals from net unhedged FX exposure normBanks will benefit from new Reserve Bank of India rules. Swap deals for foreign currency funds will not count towards their overnight forei...
RBI offers concessional swaps for PSUs, NRI deposits to drive forex inflowsThe Reserve Bank of India has introduced new foreign exchange measures. These include offering special swap facilities to encourage state-o...