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Rupee Deposits

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SBI revises interest rate on retail term deposits
Feb 27, 2013 at 12:04 | Source: Moneycontrol.com
State Bank of India has decided to revise upwards its Retail Term Deposit Interest Rates with effect from March 01, 2013. The revised interest rates for Domestic Term Deposits below rupee one crore will be effective from March 01, 2013.
NRI deposits nearly double to $11.24 bn in Apr-Nov period
Jan 13, 2013 at 16:10 | Source: PTI
Continuing rupee fall and higher interest rates have seen NRI deposits nearly doubling in the first eight months of 2012-13 to USD 11.24 billion from USD 6.39 billion a year ago, according to the Reserve Bank data.
Mecklai graph of the day: Will NRIs continue to invest?
Jul 12, 2012 at 19:11 | Source: Moneycontrol.com
Mecklai graph of the day: Indians working abroad have pumped in a record $4.753 billion in local bank deposits during April and May. The increase in NRI deposits is noteworthy because there has been a consistent increase in non-resident external (NRE) rupee accounts.
Rupee's loss adds to SBI's gains in NRI deposits
Jun 26, 2012 at 15:30 | Source: Moneycontrol.com
India's largest lender SBI's deposit base for NRIs expanded by a robust Rs 7,000 crore to around Rs 70, 200 crore so far in 2012-13. Encouraged by the response, it now plans to mobilise Rs 16,000 crore of such deposits as against Rs 12,000 crore targeted earlier for the current year.
What economy measures the FM is going to announce today
Jun 25, 2012 at 08:39 | Source: IBNLive.com
It is UPA Presidential nominee Pranab Mukherjee's last day in office as Finance Minister on Monday and he is expected to announce measures to boost the economy and shore up the falling rupee. Sources have told CNN-IBN that there could be a rise in the interest rates for NRI deposits and efforts will be made to cut down wasteful expenditure.
NAVs fell as market decline led by depreciating rupee
May 23, 2012 at 09:52 | Source: Moneycontrol.com
The markets fell as much as 1.1% as the falling rupee weighed on investor sentiment. All Equity and Balanced funds ended with negative returns recording few gainers. Meanwhile Debt funds continue to deliver good performance.

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Oil imperatives
Ironical as it may sound, in the stand-off between the West and Iran, more than anyone else, it is India that cannot afford to blink. Continued oil shipments not only underpin the country’s ene...
Feb 19, 2013 at 22:52 | Source: The Hindu BusinessLine
RBI allows Kerala Fin Corp to raise deposits
Thiruvananthapuram, Jan. 6: Kerala Financial Corporation (KFC) has received RBI permission to raise domestic rupee deposits. There are strict norms that apply to financial institutions raising deposi...
Jan 06, 2013 at 23:50 | Source: The Hindu BusinessLine
Kejriwal targets Ambanis, Dabur owners, Naresh Goyal over black money
Arvind Kejriwal Activist-turned-politician Arvind Kejriwal on Friday alleged that brothers Mukesh and Anil Ambani and Congress MP Annu Tandon, among others, have crores of rupees deposited in banks i...
Nov 09, 2012 at 19:51 | Source: Business Today
Kejriwal now targets alleged Swiss bank account holders
Activist-turned-politician Arvind Kejriwal on Friday alleged that brothers Mukhesh and Anil Ambani and Congress MP Annu Tandon, among others, have crores of rupees deposited in banks in Switzerland. H...
Nov 09, 2012 at 19:51 | Source: DNA India
CRR and SLR in Indian banking
The pre-emption of bank funds in India have historically been exercised through three channels — the cash reserve ratio (CRR), statutory liquidity ratio (SLR) and directing credit to preferred ...
Oct 26, 2012 at 03:52 | Source: The Hindu BusinessLine
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