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Non resident deposits News
Abheek Barua: Setting a rupee band The rupee has stabilised a little over the past month, but it could come under pressure if oil prices continue their steady climb. I hope that the Reserve Bank of India (RBI) has used this lull in the currency market to do some serious introspection as regards the shape it wants to give its currency strategy going forward. In trying to gauge what the RBI is likely to do in the future, it is useful
High NRE deposit rates may stress banks` margins: RBI
The Reserve Bank of India (RBI) has cautioned banks that the rush to raise non-resident deposit rates may shrink their margins and erode profitability in the coming quarters. Top executives of
Private banks raise rates on non-resident deposits
Private sector banks have started increasing interest rates on non-resident deposits, barely a week after these rates were deregulated by the Reserve Bank of India (RBI).
NRI deposits stage strong comeback
Non-resident deposits have staged a strong comeback with commercial banks in Kerala witnessing a flow of an additional Rs 1,976 crore during the first quarter of the financial year. Non resident deposits Galleries
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