NRI deposits Archives - pravasisamwad

RBI cracks down on high-return Japanese Yen schemes as banks scale back aggressive offerings

PRAVASISAMWAD.COM A once-popular financial instrument targeting NRIs—special Japanese yen (JPY) deposits—has come under regulatory heat after issues surrounding IndusInd Bank.

NRI deposits double to $7.8 bn in April-August, says RBI

The trend is an expression of strong confidence in domestic economy This growing influx of diaspora-driven deposits reinforces the

NRI deposits surge to $7.82 billion between April and August 2024, says RBI

These latest figures underscore the continued appeal of India’s banking schemes to its global diaspora, particularly amidst fluctuating global markets

AU Small Finance Bank introduces competitive FCNR (B) deposit rates, offering up to 6.30% for NRIs

AU Small Finance Bank’s FCNR (B) deposits offer a reliable solution for NRIs to grow their savings in India while