ICICI Bank, Union Bank of India, Central Bank of India and Dena Bank have all hiked interest rates on NRE and FCNR fixed deposits from January 1.
Government sources say India could consider raising the policy repo rate if the rupee falls towards 61-62 to the dollar.
State Bank of India has hiked the interest rates offered on non-resident Indian deposits with effect from Friday.
'A strong foreign exchange reserve is the best safety net against global spillovers.'
The Covid-19 pandemic has forced a whopping 8.7 lakh expatriates from Kerala to return home, most of them from the Gulf, since last May, with a majority of 5.67 lakh citing job loss as the reason for it, according to official data.
Narendra Modi should worry about fact-checking.
Three non resident Indians were awarded gold medals for their outstanding contribution to the community.
From a credit risk perspective, there does not seem to be immediate danger.
"7.75 per cent savings bonds scheme notified. Would replace 8 per cent scheme. Will be effective from 10th January. This sequenced notifications and gap of a week was necessary to avoid overlap in cheques realisations," Economic Affairs Secretary S C Garg said in a tweet.
The Reserve Bank of India on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy faces heat of the second Covid wave.
For Dosanjh to stand by his faith, retain the turban and beard, and yet not trivialise himself in the roles he has essayed, is really his biggest achievement, observes Sandeep Goyal.
After a marginal increase in home loan rates, prime lending rate and domestic deposit rates, the largest bank of the country State Bank of India on Wednesday revised upwards the interest rates on non resident Indian deposits.
A resident individual is not among entities eligible to incorporate a foreign company, but resourceful people find a way around
The government has dispensed with the condition of obtaining Foreign Invesment Promotion Board's approval for non-residents to transfer shares and convertible debentures of Indian companies from Indian residents, subject to sectoral caps.
Setting aside their political differences, the ruling CPI-M-led Left Democratic Front and Opposition Congress headed United Democratic Front, once again came together to launch a joint fight against the Centre on the CAA, which has seen unprecedented protests all over the country.
GST seeks to subsume many indirect taxes at the Central and state levels.
'NRI interest has gone up in the past three-four years.'
Regulator to address contract management issues and speed up development.
Illayaraja, 74, who has been conferred with Padma Bhushan in 2009, was selected for Padma Vibhushan, the second highest civilian award after Bharat Ratna.
ICICI Bank has revised interest rates on non-resident external savings account and NRE fixed deposit by 0.61 per cent and 0.47 per cent respectively across various maturities.
The Reserve Bank of India (RBI) allowing the use of put options in investment agreements has brought needed clarity but it has come with strict restrictions. These could impact investors looking for a minimum rate of return, experts say.
With the rift in AAP deepening, NRI supporters of the party have appealed to its leadership to stand united and resolve all their differences peacefully.
ICICI Bank has raised its interest rates on non-resident external rupee savings account, NRE fixed deposits and foreign currency non-resident deposits.
Kerala government was planning to tap the large resources of the Non-Resident Keralites through incentives and motivation, which would lead to large-scale investment into the state, Minister for Non-resident Kerala Affairs M M Hassan said on Tuesday.
Nagarjuna Akkineni looks young in his forthcoming film Greeku Veerudu.
A career Citibanker, 'Selva' came into the spotlight as the person who rewired the financial behemoth's Indian retail operations.
While many are getting stranded because of lack of clarity regarding the visa rules following the novel coronavirus outbreak, others are stranded in transit as even OCI cardholders are being turned away
Mauritius President Rajkeswur Purryag is among the 15 persons and organisations selected for the Pravasi Bharatiya Samman awards for this year.
Giving a platform to Keralites in the Gulf to air their grievances, an exclusive session on Non-Resident Indians in that region was held as the 11th Pravasi Divas began in Kochi on Monday.
The India Investment Centre, at present under the finance ministry, will find a new home with the newly constituted non-resident affairs ministry.
All categories of NRI deposits saw net inflows in July.
NRIs can lock into NRE/NRO fixed deposits, buy real estate and invest in long-term equity investments.
