NRI
- Indian diaspora sends home over $100 billion for second year in a row
My 2023-24 remittances were influenced by migration trends, job opportunities, and costs, with the US as the primary source. India remained the top recipient, fueled by IT professionals moving to Nort...
- Travel dominates forex spending abroad: RBI data
Outward remittances from India under the liberalised remittance scheme fell by 2% year on year. Travel was the largest chunk of foreign currency outflows in April, with maintenance of close relatives ...
- External Affairs Ministry, SBI ink MoU to enhance digital payment services for eMigrate portal users
The Ministry of External Affairs (MEA) and the State Bank of India (SBI) signed a Memorandum of Understanding (MoU) on Saturday to enhance digital payment services for users of the eMigrate portal.
- NRI deposits surge, thanks to India's strong post-pandemic report card
- Julius Baer targets rich Indians in Dubai with UBS, JPMorgan hires
Julius Baer Group Ltd. hired senior bankers from UBS Group AG and JPMorgan Chase & Co. to strengthen its business serving wealthy Indians in Dubai.
- How NRIs can extract maximum value from voluntary deductible in their health insurance
Indian software engineer Ravi moved to the US for a career opportunity but overlooked his health insurance policy in India. After realizing the importance of coverage during visits, he reinstated his ...
- Indians break records with $31.7 billion overseas spending in FY24; international travel biggest expense
The Liberalised Remittance Scheme (LRS) witnessed Indians spending a record $31.7 billion overseas in FY24, up 17% from the previous year, despite the introduction of tax collection. The data reveals ...
- Moving abroad? 6 financial must-dos before boarding your flight