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SAFE DEPOSIT KEY REPLACEMENT
Residents tempted to gatecrash FCNR party for NRIsWealthy Indians are finding ways to benefit from a new foreign currency deposit scheme. They are sending money to NRI relatives as gifts to...- FCNR(B) window may save banks Rs 4,000 croreBanks are poised to save approximately ₹4,000 crore annually by raising deposits through FCNR(B) accounts, as the RBI covers hedging costs,...
- NDMC offers 10% rebate on property tax payments made by June 30The New Delhi Municipal Council announced a 10 percent property tax rebate for the financial year 2026-27. Property owners can avail this c...
- Banks seek RBI nod on Guarantee Rule to boost NRI deposit inflowsBanks are urging the RBI to clarify regulations for the new FCNR deposit scheme, aiming to attract diaspora funds. They seek a tweak in wor...
- Behind every AI answer are humans: how human feedback is shaping modern AIDataAnnotation Tech highlights the human side of artificial intelligence development, where reviewers help train and improve AI systems thr...
- Banks court wealthy Indian diaspora in $50 billion deposit driveIndian banks are launching a global campaign to attract over $50 billion in deposits from the diaspora. This initiative aims to strengthen ...
- UK economy shrinks in April as Middle East war hitsBritain's economy contracted in April as the Middle East war hit growth, official data showed Friday, dealing a setback to Prime Minister K...
- 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 ...
- In 1987, the world swapped ozone-destroying CFCs for safer refrigerants; nearly 40 years later, scientists found the switch had been quietly raining a forever chemical across the planetChemicals meant to protect the planet are now causing a new issue. Replacements for ozone-damaging CFCs are forming a stubborn chemical, TF...
- AI risks are here, time for tough rules: Anthropic CEO Dario AmodeiAs artificial intelligence grows more powerful, governments must move beyond transparency measures and introduce stronger regulations to ad...
- CD rates may fall up to 100 bps as banks tap overseas deposits, loansInterest rates on short-term financial instruments like Certificates of Deposit are poised to decrease across India. This anticipated drop,...
- 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 ...
- FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move?FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September 30, 2026. Th...
- Central Bank of India ordered to pay Rs 2.5 lakh compensation to customer for losing original property papersA consumer commission held the Central Bank of India liable for losing a land title deed deposited as collateral for an agricultural loan. ...
- Water cut off for thousands of Iranians after US strikes: State mediaUS strikes on two reservoirs in Sirik, Iran, have left 20,000 residents without drinking water amid extreme heat. The attacks, in retaliati...
- Canara Bank recovers over half of ₹500 crore Rajesh Exports exposure, CEO outlines growth strategyCanara Bank has recovered over half of its ₹500 crore exposure to Rajesh Exports and is pursuing legal avenues for the remaining amount. Th...
- India banks could raise $35-$40 billion via RBI's foreign currency deposit scheme, PNB CEO Ashok Chandra saysIndian banks anticipate raising up to $40 billion through foreign currency deposits. The Reserve Bank of India is backing a new scheme to a...
- The safe keepers: Inside India's booming locker economyIndia’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...
- NASA reverses evacuation alert order for astronauts aboard space stationIn a dramatic turn of events on Friday, five astronauts on the International Space Station temporarily vacated the main area and sought ref...
- NASA reverses evacuation alert order for astronauts aboard space stationFive astronauts on the International Space Station prepared for evacuation Friday due to a worsening air leak. Russian experts worked to se...
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