NRI deposits drop 40% in FY26 as interest-rate gap narrows, equity investments rise
Going forward, banks may need to introduce more competitive rates or offer innovative NRI financial products to attract global investors
Hyderabad Bank Fraud: Axis Bank staff accused of siphoning rs 6.5 crore from OCI account
While investigations are ongoing, this case serves as a cautionary tale for both customers and financial institutions to prioritize transparency
Strong FCNR inflows fuel NRI deposits surge to $5.82 billion in April–July 2024
This surge in NRI deposits reflects the confidence of overseas Indians in India’s banking sector and offers a vital source
UAE bank nearing acquisition of $5 billion stake in Indian bank
As talks continue, bidders are reportedly seeking regulatory relaxation, particularly concerning promoter shareholding rules. The resolution of these issues could
Indian expat population in GCC countries surpasses 9 million
Minister of State for External Affairs Kirti Vardhan Singh informed the Indian parliament that as of June 30 this year,
Gopichand Hinduja tops UK’s Sunday Times Rich List for the sixth consecutive year
Gopichand Hinduja’s consistent presence at the top of the UK’s rich list highlights not only his personal success but also
Federal Bank launches portal for Non-Residents
The introduction of a doorstep courier service at select locations further simplifies the account opening process by collecting completed forms
New York mayor praises Indian diaspora’s contribution to New York’s prosperity
“It is very important that we understand the role that the Indian community plays in the prosperity of the city,
‘Disruption’ sounds wake-up call for traditional banking system
The authors – Ignacio Garcia Alves, Philippe de Backer and Juan Gonzalez – are leading thinkers from one of the
NRI fixed deposits: Axis Bank revises Fixed Deposit interest rates
Under the revision the Non-Resident External (NRE) deposits now have interest rates ranging from 5.10 per cent to 5.75 per