The Reserve Bank of India has temporarily removed interest rate caps on select FCNR(B) and NRE deposits, giving banks greater flexibility to attract funds from non-resident Indians. The relaxation, ...
The Financial Express on MSN
RBI exempts FCNR (B) deposits, ECB swaps from forex position limit
The RBI has launched concessional forex swap facilities for FCNR deposits and external commercial borrowings, while easing regulatory requirements to attract foreign currency inflows and support the ...
Under the revised framework, banks will be free to offer higher interest rates on fresh NRE deposits with maturities of three years and above.
As part of the guidelines for FCNR-B deposits, all authorised dealer banks which belong to Category I can utilise the swap facility given by the RBI. The facility will be available for fresh and ...
The rupee got a booster shot on Friday, with the Reserve Bank of India (RBI) announcing crucial measures to attract foreign capital via foreign currency non-resident (bank) deposits, overseas ...
Banking stocks are in focus today after RBI lifted the NRI deposit rate cap till September 30. Check why SBI, HDFC Bank, ICICI Bank and Yes Bank shares are rising.
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