Nri Deposits

Inflows for NRO accounts in April 2025 were at $31 million, as against a higher $103 million provisionally recorded for April 2024-26, bulletin says

NRI deposits surge by 40.8% to $14.31 billion in April-January FY25, says RBI bulletin

According to the latest RBI bulletin for March 2025, FCNR(B), NR(E)RA, and NRO have experienced growth in both inflows and outstanding amounts

Outstanding NRI deposit rises 11% in July on strong macros

According to the RBI's data, outstanding NRI deposits rose to $157,157 million in July compared to $141,850 million in the year-ago period

Chart of the Day: NRI deposits have been a weak link in flows recently

Flows from NRI deposits have declined in the past year due to a combination of low interest rates, a hit to income from the pandemic and the rupee's relative strength against currencies other than the dollar.

Dwindling remittances from overseas Indians hit NRI deposits in Kerala

Job losses and salary cuts as a fallout of the pandemic have hurt the flow of deposits by non-resident Indians from the state

Foreign banks to give upfront loans for NRI dollar deposits

In an attempt to resurrect the practice of drawing dollars from NRIs, foreign banks will provide upfront financing for wealthy NRIs and attract them to place bulky dollar deposits.

Federal Bank down 5% as interest rates raise on deposits

For resident deposits, interest rate for band of '60 days to 119 days' has been increased to 8.5 percent from 7 percent by Federal Bank.

Rupee's loss adds to SBI's gains in NRI deposits

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.

NRI deposits on the rise: Mecklai

Mecklai Graph of the day - With interest rates in India continuing to remain quite high as compared with developed nations coupled with the Rupee depreciating to a historic low against the Dollar last month, the amount of NRI deposits in India have rocketed since the past 4-months.

Fed Bank sees deposits up 30-35% post NRI deposit cap hike

CNBC-TV18 catches up with Shyam Shrinivasan, managing director and chief executive officer of Federal bank to get his perspective of business after RBI hiked limit on NRI deposits by 100 bps.