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Union Bank posts 30% rise in quarterly profit, targets $2 billion through NRI deposit scheme

Strong earnings, higher fee income and lower provisions support growth as lender steps up overseas deposit mobilisation State-owned Union Bank

RBI’s foreign currency deposit schemes attract strong NRI interest across key global markets

Banks report encouraging response from overseas Indians as government steps up efforts to boost foreign currency inflows and strengthen the

Government Explores Digital Notarisation to Simplify Financial Access for NRIs and Foreign Nationals

Move could streamline KYC processes and reduce paperwork for overseas Indians seeking financial services in India PRAVASISAMWAD.COM The Centre is

NRIs Urged to Update Banking Details and Avoid Common NRE, NRO Account Errors

Failure to update residency status and account information could lead to regulatory, tax and banking complications PRAVASISAMWAD.COM Non-Resident Indians (NRIs)

Gujarat’s Madhapar Emerges as India’s Wealthiest Village, Powered by Global NRI Community

Over ₹8,000 crore in bank deposits and strong overseas links have transformed the Kutch village into a model of rural

UK Tax Changes Reduce Appeal of FCNR Deposits for Wealthy NRIs

Revised UK tax rules may curb inflows into India’s foreign currency deposit schemes despite recent RBI incentives PRAVASISAMWAD.COM Recent changes

RBI’s Special FCNR(B) Scheme Spurs Fresh NRI Deposit Inflows into Indian Banks

Higher interest rates and a temporary forex swap facility encourage overseas Indians to place more foreign currency deposits in India

NRI Remittances to India Rise Sharply in 2026 as Digital Transfers and Investments Gain Momentum

Higher overseas earnings, favourable exchange rates and stronger investment interest drive record inflows PRAVASISAMWAD.COM India continues to strengthen its position

UAE Banking Curbs May Slow Indian Banks’ Drive to Attract NRI Dollar Deposits

New restrictions on representative offices could affect FCNR deposit mobilisation from the UAE PRAVASISAMWAD.COM Indian banks seeking to attract more

RBI Rule Changes Open New Opportunities for NRIs to Boost FCNR Deposit Returns

The policy is also expected to strengthen India’s foreign exchange reserves by encouraging additional dollar inflows from overseas Indians Market

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