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Flow of money into NRI deposits moderates to $3.23 bn in FY22

Flow of money into non-resident Indian (NRI) deposits moderated sharply to $3.23 billion in April 2021–March 2022 from $7.36 billion in the same period of the previous year. Photograph: Dado......

Stable rupee is bad news for foreign currency deposits

The flow of deposits from non-resident Indians (NRIs) hit a four-year low in the financial year 2020-21 mainly due to contraction in foreign currency deposits, latest data released by the Reserve......

'We are being told a server crash stalled the ATMs'

Across Yes Bank branches, the busiest people were the relationship managers, trying to soothe nerves. Many were seen advising clients the situation was only temporary and that their money was safe.......

NRIs, check the number of days you spend in India

The Budget has changed the rules for Indian citizens and persons of Indian origin visiting India. Instead of 182 days, the number of days has been reduced to 120. You will be treated as a resident......

NRIs ahoy! You need to shift to financial savings

With real estate -- NRIs's favourite investment vehicle in the past -- unlikely to do well in the near future, there is a strong case for NRIs to shift to equity and debt mutual funds, says Prateek......

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