rbi Archives | Page 3 of 7

NRI bank deposits surge by 42.8% to $13.33 billion

Sharp rise in inflows as Non-Resident Indians Park more funds in Indian banks PRAVASISAMWAD.COM Non-Resident Indian (NRI) bank accounts saw

Higher interest rates, weak rupee drive NRI deposits to 10-year high

NRI deposits in India reach $162.7 billion, marking a significant growth driven by higher interest rates and a weakening rupee

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

S&P retains India’s growth forecast at 6.8%, projects RBI rate cuts in October

Speculation over potential rate cuts has gained traction following the U.S. Federal Reserve’s decision to lower rates by 50 basis

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

Beacon Remit transforms money transfers for indian immigrants in Canada

Beacon Remit’s innovative approach promises to streamline the remittance process, making it more accessible, affordable, and efficient for the growing

RBI clarifies education loan eligibility for OCI cardholders residing in India

This clarification from the RBI ensures that OCI cardholders residing in India can pursue education abroad without unnecessary obstacles, fostering

Indian regulators halt Family Office Investment Funds amid tax evasion concerns

The latest regulatory action aims to close a loophole that could have allowed resident Indians to transfer more than the

Indian universities face decline in enrollment of international students

Overall, despite the initiatives and efforts to boost international enrollment, Indian universities continue to face challenges in attracting and retaining

Tips for NRIs investing in Indian real estate

By keeping certain factors in mind, NRIs can make sound investment decisions and maximize the benefits of investing in Indian

rbi - Page 3