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WEALTHY INDIAN DIASPORA
To drive up NRI investments, banks make FCNR deposits attractive with up to 7.1% return on dollar depositsIndia saw inflows topping $155 billion in 2025-26 via remittances. Add another estimated $50 billion from this scheme which will run until ...- RBI plans simpler cross-border payment approvals to boost MSMEs, exporters: EY reportThe Reserve Bank of India (RBI) is looking to simplify cross-border payment approvals and reduce regulatory friction for businesses and exp...
- 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...
- India's forex reserves drop $711 million to $681.610 billion, RBI data showsIndia's foreign exchange reserves saw a dip of $711 million, settling at $681.610 billion by June 5. This decline was primarily driven by a...
- 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 ...
- Billionaire Uday Kotak’s private bank adds thousands of clientsKotak Mahindra Bank's private banking unit plans to add thousands of new families to mitigate falling margins in India's wealth management ...
- Why is Zoho boss Sridhar Vembu not alarmed about migration of India's top talent?Indian immigration, especially the H-1B visa debate, sparks mixed feelings. While the diaspora’s success abroad brings pride, concerns over...
- Over 2.15 lakh Indians gave up their citizenship and moved abroad in 2023In 2023, 216,219 Indians renounced their citizenship, according to a report presented to the Rajya Sabha. The number was slightly lower tha...
- HSBC taps metaverse to win business from India’s rich diasporaHSBC expands offerings for India's affluent diaspora through a virtual bank in GIFT City, leveraging the metaverse. The bank aims to captur...
- Indian jewellery bigwigs spread their wings in the US betting on the diasporaProminent Indian jewellery brands are expanding in the US despite challenging economic and geopolitical conditions. Luxury brands are capit...
- Azim Premji’s family office: India’s new finance hub GIFT City gives first nod to rich to invest abroadIndia's new financial hub, Gujarat International Finance Tec-City (GIFT City), has granted approval to Azim Premji's family office to set u...
- Maha Akhand Bharat: India emerges as top country of origin for new citizens in OECD countriesIndia has become the top country of origin for new citizens in OECD countries, with 4 lakh new migrants in 2021. The growth of the Indian d...
- Wealthy Indian diaspora wooed by DLF for luxury apartment salesDLF Ltd., a top Indian developer, is targeting non-resident Indians (NRIs) living abroad to invest in luxury apartments in India. NRIs purc...
- Where in the world are Indians headed?Of the top 20 destinations of international migrants in 2020, all but three were high-income or upper-middle-income countries, according to...
- Bank of Baroda looks to ramp up wealth management businessThe bank aims to nearly triple its assets under management (AUM) to over ₹85,000 crore, from ₹30,000 crore at present, in the next five yea...
- SBM plans calibrated expansion of units in IndiaRath said his bank plans to double its network to eight branches in the current year and add another eight in 2020.
- NRIs may send more money home with rupee’s fallForeign flows from NRIs could well be a cushion against drying up foreign portfolio investments.
- NRIs may send more money home as rupee slumpsInward remittances are set to rise, especially from the Middle East, the US and Southeast Asian countries amid a falling rupee.
- Rare Mahatma Gandhi stamps sold for 500,000 pounds at UK auctionOnly 13 of the 1948 Gandhi 10-rupee Purple Brown and Lake 'Service' stamps are in circulation.
- Meet the man leading Narendra Modi’s outreach to India’s huge diasporaIndia’s diaspora — the world’s largest — includes millions of migrant labourers in the Persian Gulf as well as professionals in US and Grea...
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