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Saturday, October 24, 2020

NRI deposits


NRIs bring in more dollars during lockdown, amid layoffs, falling interest rates world over

September 15, 2020 10:15 am

With this inflow, total NRI deposits touched $135.36 billion as of July 2020, up from $130.58 billion in March 2020, $133.12 billion in 2019 and $124.44 billion in 2018, according to the latest Reserve Bank of India (RBI) data.

External debt at $426 bn in December

March 29, 2014 2:15 am

The ministry said that the long-term debt was $333.3 billion at the end of December, showing an increase of 8.1 per cent over March.

Indian banks make most of RBI's FCNR deposit scheme,HDFC Bank emerges biggest player

December 09, 2013 12:57 am

ICICI Bank emerged as second biggest player,mobilising deposits close to $2 bn under the scheme.

Banks collect over $25 bn from special dollar swap window: RBI

November 25, 2013 2:22 pm

Special window allows banks to swap fresh FCNR (B) dollar funds at a fixed rate of 3.5%.

Take a deep breath

November 15, 2013 1:00 am

RBI must resist the knee-jerk responses it came out with the last time the rupee showed volatility.

Indian rupee fall: NRIs raise cheaper loans abroad,remit money to India

September 18, 2013 1:54 am

NRI community in Gulf region seems to have struck a goldmine after steep fall in the rupee.

NRI deposit inflows plunge 10% in April-July to $6.66 bn

September 12, 2013 1:15 am

According to data collated by RBI,outstanding NRI deposits stood at nearly $73 bn as on July 31.

NRI deposits: RBI to subsidise banks

September 05, 2013 9:30 am

Governor Raghuram Rajan says RBI will offer a swap window to banks for dollar deposits from NRIs.

India's external debt up 13% at $390 bn in FY13

June 27, 2013 3:58 pm

The increase in the debt during 2012-13 was primarily on account of rise in short-term trade credit.

External debt up 8.9% in Q3

March 29, 2013 1:06 am

The external debt to GDP ratio stood at 20.6 per cent as on December 31 as against 19.7 per cent as on March 31.