Banks are urging the RBI to clarify regulations for the new FCNR deposit scheme, aiming to attract diaspora funds. They seek a tweak in wor...

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

Warren Buffett gave himself a D in capital allocation – his worst grade ever. But the confession came along with a warning that would prove...

A special CBI court in Mumbai transferred a fraud case against Nirav Modi to a magistrate's court. The CBI stated that corruption charges a...

Indian banks are offering higher interest rates on foreign currency deposits. This move aims to attract money from overseas residents. The ...

Happy Thursday! Tap-and-pay card usage is on the rise in India despite UPI's dominance. This and more in today’s ETtech Morning Dispatch.

Assam Chief Minister Himanta Biswa Sarma congratulated Prime Minister Narendra Modi on his record tenure. Sarma presented a letter from Ass...

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

The Supreme Court agreed with the Madras High Court's call to cancel the auction of Mr. Rama's family property. The bank was trying to sell...

The Reserve Bank of India has introduced new foreign exchange measures. These include special swap facilities to encourage state-owned comp...

The Reserve Bank of India's new FCNR-B scheme offers a one-year lock-in for deposits and mandates non-cancellable swaps for banks. This ini...

K Annamalai, former Tamil Nadu BJP president, has launched a new movement. This initiative is expected to evolve into a political party for...

Private credit funds catering to wealthy investors are coming under renewed pressure as redemption requests remain elevated in the second q...

Central Bank of India plans significant recovery from bad loans exceeding Rs 3,500 crore in FY27. The bank will also introduce wealth manag...

EPFO subscribers are awaiting their FY 2025-26 interest credit, despite the 8.25% rate announcement in March. While delays are common due t...

Indian banks anticipate asset quality stress from the second quarter due to the West Asia conflict. Rising fuel prices will reduce consumer...

Indian banks are asking the Reserve Bank of India to remove a guarantee restriction. This move aims to attract money from the Indian diaspo...