banking Archives | Page 2 of 8

HDFC Bank wins Bahrain court cases over Credit Suisse AT-1 bonds

HDFC Bank has secured favourable rulings in two legal proceedings in Bahrain involving investors who purchased Additional Tier 1 (AT-1)

The Ahmedabad Income Tax Appellate Tribunal has removed a ₹5.52 lakh addition and ordered a fresh review of nearly ₹2.50

Non-resident Indians can inherit proceeds from these savings schemes, but the money cannot automatically be transferred to a foreign bank

The Zurich-based private banker will oversee the bank’s Switzerland NRI team and support its global Indian client business PRAVASISAMWAD.COM Swiss

India’s latest foreign-currency deposit drive has raised $127.2 billion, more than twice the scale of the 2013 programme relative to

Fresh NRI deposits fell to $2.78 billion in the first quarter of FY27, while foreign-currency deposits more than doubled

Family transfers from NRIs are generally tax-exempt, but maintaining a clear record of the source and purpose of funds can

Ahmedabad accounts for more than a fifth of the state’s NRI deposit base, with Vadodara and Kutch also recording strong

Strong demand from UAE-based Indians drives foreign-currency deposits through GIFT City, while inflows from the US and UK remain subdued

Interest earned by NRIs is treated differently depending on the type of bank account, with NRE and FCNR deposits generally