Foreign Currency Deposits News

The Indian rupee appreciated for the fifth consecutive day, closing at 94.59 against the US dollar, a rise of fourteen paise. This positive trend was primarily

Uday Kotak highlights GIFT IFSC's emergence as an international banking hub, with its banking units disbursing $52.82 billion in FCNR(B) deposits and Indian ban

Citigroup और Axis Bank ने अनिवासी भारतीयों (NRI) को विदेशी-मुद्रा जमा में निवेश करने के लिए वित्तपोषित करने हेतु साझेदारी की है, जो RBI के नियमों का लाभ उठा रही

The RBI's unexpected decision to cease bearing hedging costs for foreign-currency deposits after August has left banks in disarray, especially after Governor Sa

ICICI Bank is seeking a $1.45 billion loan over four years, led by Bank of America and involving multiple international banks. The funds will enhance foreign cu

Indian banks are actively raising significant dollar funds offshore to increase foreign currency deposits, with global banks arranging these deals. This initiat

UCO Bank plans to raise $500 million through foreign currency deposits and overseas borrowings, joining other lenders utilizing the central bank's concessional

RBI data shows banks have mobilized $17.41 billion through FCNR (B) deposits, with market expectations for a total of $45-55 billion, significantly higher than

Finance Minister Nirmala Sitharaman is scheduled to meet with heads of public sector banks on Monday to review the progress of foreign currency deposit mobiliza

Indian banks are experiencing a decline in FCNR-B deposit collections due to rising overseas borrowing costs, which are making it harder to offer attractive ret