Deposits
Mauritius’ SBM Bank India mobilises $100 million through FCNR window
The mobilization drive allowed SBM Bank India to reach prospective customers in markets such as Africa and the UAE who had not previously banked with the lender.
4 min read8 Sep 2026RBI asks rating agencies to stop naming it as bank deposit regulator: What this means for depositors
RBI has asked credit rating agencies to stop identifying it as the regulator for bank deposit ratings, according to a vreport. The move could create a compliance issue for rating agencies and affect how depositors assess bank credit risk.
2 min read17 Aug 2026Dollar race: Foreign banks ramp up FCNR deposits, narrow gap with locals
Such deposits at foreign banks surged nearly 15-fold to $8.97 billion as on 30 July, from just $603 million on 5 June, official data showed. Among the biggest gainers, HSBC saw outstanding FCNR deposits jump from $120.26 million to $6.26 billion, while Standard Chartered mobilised $1.86 billion.
4 min read10 Aug 2026Switched jobs and lost track of your old PF account? Govt explains how EPFO's e-portal can help
The government has revealed that the EPFO has developed an Aadhaar-based e-portal to help members trace old inoperative PF accounts, transfer balances to their active UAN or settle claims. The portal aims to reduce paperwork, improve transparency and simplify access to forgotten PF savings.
2 min read28 Jul 2026RBI's special forex window could draw up to $85 billion, says SBI Research
FCNR(B) deposits could reach $65-70 billion by September-end, with total foreign currency inflows from the RBI's special measures projected at $80-85 billion, though the report warned that sustained rupee weakness could undermine gains.
4 min read27 Jul 2026Mint Explainer | Can India mop up $50 billion under RBI's FCNR (B) scheme?
The RBI’s latest data shows banks mobilized $17.41 billion through FCNR (B) deposits. Market expectations are for a total of $45-55 billion compared with $26 billion raised in 2013.
4 min read22 Jul 2026India’s scheme to attract dollar deposits from abroad is fine—but pardon local rupee savers their envy
With inflows of over $17 billion already, India’s deposit scheme for overseas Indians is drawing foreign exchange through leveraged packages offered by banks. Savers at home do not grudge such deals but let’s spare a thought for their finances as well.
3 min read22 Jul 2026₹16,649 crore unclaimed in LIC and inactive EPF accounts: What Centre's latest update means for you
Over ₹16,649 crore lying in old LIC policies or inactive EPF accounts, says the Centre. Recovering dues requires checking past insurance, provident fund records, updating KYC and contact details, and responding to official reminders.
2 min read21 Jul 2026Burnt fingers, cold feet: Inside NRI reluctance to fund India’s dollar dream
Several US-based NRIs who had invested in FCNR (B) deposits in 2013 allegedly failed to disclose the interest income to US tax authorities, leading to penalties and compliance headaches later. Given these concerns, Indian banks are not likely to see substantial dollar inflows from the US.
5 min read15 Jul 2026AU Small Finance Bank's growth engine is intact, but questions remain
Whether the momentum in the lender's mainstay vehicle financing has sustained in Q1 amid rising crude oil and commodity costs and a fading GST 2.0 push has to be seen.
3 min read6 Jul 2026Wait for it…
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