‘India was, is and will be one of fastest-growing economies’: SBI

India has demonstrated economic resilience through successive global and domestic challenges and will continue to be...

Amid strong forex inflows, RBI to end FCNR(B) swap facility early

The Reserve Bank of India (RBI) has decided to prematurely close the deposit mobilisation window under its special...

'SBI expects deposit growth uptake in Q2 driven by FCNR(B)'

State Bank of India Chairman, Challa Sreenivasulu Setty, said that the bank expects its deposit growth to record an...

RBI's FCNR(B) swap window spurs 86% jump in NRI dollar deposits

The Reserve Bank of India's (RBI) special concessional swap facility for Foreign Currency Non-Resident (Bank)...

FCNR(B) inflows could reach USD 50-60 billion

"The FCNR(B) inflows were sluggish for the first couple of weeks, but as we understand it is picking up gradually....

RBI swap facility attracts over USD 20.7 billion in forex inflows

The Reserve Bank of India's (RBI) special swap facility has attracted more than USD 20.7 billion in foreign exchange...

PNB mobilises USD 419 million in FCNR(B) deposits, on track to me

Punjab National Bank (PNB) has mobilised around USD 419 million in Foreign Currency Non-Resident Bank (FCNR(B))...

India's capital account surplus may rise to USD 105 bn in FY27 on

According to the report, total exports of goods and services rose 11.4 per cent year-on-year to USD 232.7 billion...

FM Nirmala Sitharaman asks banks to step up NRI outreach

Union Finance Minister Nirmala Sitharaman on Monday asked Public Sector Banks and Public Financial Institutions to...

Bank credit growth may slow as companies turn to bonds

Bank credit growth is expected to moderate gradually in FY27 as large companies increasingly shift to bonds and...

New FCNR rules to boost bank deposits, credit growth seen at 14–1

New FCNR deposit rules are expected to lift bank deposit growth by 150-200 basis points, supporting stronger...

Fresh FCNR(B) deposits may lift banks’ NIMs by up to 4 bps, ease

Fresh Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits mobilised under the Reserve Bank of India's latest...