Nre Term Deposits

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The interest rate on term deposit kept under NRE is generally higher than the interest rate on NRO deposits. Key features of NRE account are. - Depending upon your need for interest returns, frequency of payments made using the account and liquidity ...
May 23, 2012 at 11:48 | Source: Silicon India
3,600cr as of 3QFY2012) to 9.5% of the loan book. The bank's NIM declined by 38bp qoq on account of overall higher cost of deposits (de-regulation of NRE term deposits) and lower yield on advances (down 39bp qoq) due to FITL reversals during the quarter.
May 17, 2012 at 18:00 | Source: equitybulls.com
The Reserve Bank of India has recommended some time limits for which FDs/term deposits can be made. - Foreign Currency (Non-Resident) Account (Banks) Scheme (FCNR (B) Account) - 12 months to 60 months. - Non-Residents (External) Rupee Account Scheme (NRE ...
May 14, 2012 at 12:35 | Source: Silicon India
That’s because Federal Bank’s margins were squeezed because of higher rates on NRE term deposits, its managing director and CEO Shyam Srinivasan said. Net interest margin fell to 3.56% in the March quarter, shrinking by 38 basis points compared to ...
May 13, 2012 at 15:49 | Source: Livemint.com
This, along with a 15bps increase in cost of funds QoQ, (led by deregulation of NRE deposits) led to material NIM contraction ... emanating from expansion in RoE in the medium term as leverage is ramped up. While we maintain Buy, we suggest ...
May 16, 2012 at 18:30 | Source: equitybulls.com
(Economic Times) * Gujarat NRE Coke said on Monday its board has approved the ... and another bid is planned for rights to mine for copper and gold deposits recently. (Mint) * Jain Irrigation Systems Ltd said it had signed an agreement with ...
May 15, 2012 at 03:29 | Source: Reuters
The near term outlook still looks gloomy and may hit 55.4, he said. M. Rafeeque Ahmed, president, FIEO stated that RBI has been making efforts to stem excess volatility through increasing interest rates on NRE deposits, restricting forex retention beyond ...
May 22, 2012 at 00:22 | Source: deccanchronicle.com
A consortium of steel companies, led by State Authority of India Ltd, has bought mining rights to iron-ore deposits in Aghanistan’s Hajigak ... It’s one of the mainstays of their economy,” Gujarat NRE Coke chairman Arun Kumar Jagatramka ...
May 14, 2012 at 04:28 | Source: Wall Street Journal