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FOREIGN DEPOSIT DRIVE
RBI moves to distance self from bank deposit ratingsThe Reserve Bank of India has instructed rating agencies to refrain from categorizing it as the regulator overseeing bank deposits. This re...
Independence Day 2026: 79 years of an India on the rise as its households dream biggerIndependence Day 2026: Today's Indian consumers are transforming their financial habits, with a declining focus on food expenditure within ...
ETMarkets NRI Talk| The question is no longer 'Why India?' but 'At what valuation?': Bhaskar HazraHazra also shares his views on sector opportunities, the role of alternatives, and why financial assets are increasingly becoming a preferr...
No case for early closure or extension of swap window: RBIThe Reserve Bank of India will not close the swap window early. Robust foreign currency inflows have strengthened India's balance of paymen...
AI could slow affluent India; QSRs, credit cards may show stress first: BNP Paribas’ Kunal VoraComing to loans, personal loans increased by 13% in FY25 and FY26 which is softer versus the earlier years. Also, the recent resurgence in ...
Indian banks' new hunt for diaspora dollars pumps up loans marketsIndian banks are raising significant dollar funds offshore to boost foreign currency deposits. Global banks are actively arranging these do...
ETMarkets NRI Talk | RBI's FCNR(B) reforms could bring in over $20 billion of foreign inflows: Keyur MajmudarHe also shares why India deserves a place in every diversified global portfolio, the structural themes that could drive wealth creation ove...
Banks mobilise $27.99 billion via FCNR deposits since RBI introduced USD-rupee forex swap facilityBanks have mobilized USD 27.99 billion from non-resident Indians through a forex swap facility. Domestic payment frauds across all banks am...
India proposes tax relief for offshore funds using local managersIndia has proposed easing tax rules for offshore investment funds using India-based managers by removing size and investor limits, aiming t...
RBI special windows seen big enough to bring in $100BIndia's new forex inflow programs may attract approximately one hundred billion dollars. These special drives have already mobilized over f...
RBI's FCNR, forex schemes draw $40.81 billion in inflows so farSignificant capital inflows have been recorded, thanks to the proactive measures taken by India's central bank. The Reserve Bank of India f...
$32 billion inflows from India's forex drive yet to boost rupeeIndia's special measures have attracted $32 billion in foreign currency inflows, but the boost has yet to significantly strengthen the rupe...
Banking on gear shift for pickup: After cleaning up bad loans, banks now need a new reform pushIndia's banking sector requires reforms for sustained growth and improved credit access. Banks must grow significantly to meet microenterpr...
UCO Bank plans $500-million overseas fundraiseUCO Bank plans to raise $500 million through foreign currency deposits and overseas borrowings. This move joins other lenders accessing the...
SBI, HDFC Bank seek $1.7 billion overseas to boost dollar resourcesState Bank of India and HDFC Bank are raising significant dollar funds. These large Indian banks are borrowing from foreign institutions to...
Small, medium banks offer higher rates to attract NRI depositsSmall and mid-sized Indian banks are ramping up FCNR(B) deposit rates to attract non-resident Indians after interest rate deregulation, off...
Foreign capital inflows hit $32 billion as FCNR(B) deposits break 2013 recordIndia has attracted nearly $32 billion in foreign capital since the RBI announced special inflow measures on June 5, Governor Sanjay Malhot...