NRI
SBI eyes $10 billion from NRIs, foreign investors ahead of RBI swap window closureState Bank of India expects to gather USD 10 billion from non-residents and foreign investors. The bank's total business aims to reach Rs 200 lakh crore by 2030. This ambitious target aligns with th...
RBI's concessional swap scheme mobilises $73 bn in less than 11 weeksThe RBI’s special forex swap facility has mobilised $73 billion in foreign exchange inflows as of August 21, with FCNR(B) deposits accounting for $65.4 billion, reflecting strong participation from NR...
Health insurance for elderly parents: A complete guide for NRIsIndia’s ageing population and growing NRI community are increasing demand for healthcare support that goes beyond insurance. NRIs caring for elderly parents should consider adequate coverage, cashless...
- SEBI's digital KYC proposal for NRIs could ease money flow into India, says Nithin Kamath
Qatar launches new UPI route to send money to IndiaQatar Post, in partnership with India Post, has launched PosTransfer, a new remittance service aimed at simplifying money transfers. This service focuses on enabling direct transactions to UPI-linked ...
From kirana to currency: Small towns are scrambling for dollarsSmall towns now lead India's foreign exchange demand, surpassing major cities. This shift indicates rising prosperity and global lifestyle choices among their residents. Consumers from these areas are...
RBI to close FCNR(B) forex swap facility early after strong dollar inflowThe Reserve Bank of India has closed its special forex swap facility early. This facility attracted significant foreign exchange inflows totaling $52.3 billion. The scheme for FCNR(B) deposits will no...
- Dubai set to launch ‘Rent Now, Pay Later’ service in September; tenants could pay annual rent over 12 months with no interest
