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    NRI DEPOSITS

    Rupee reboot: Govt unlikely to introduce NRI deposits

    Rupee reboot: Govt unlikely to introduce NRI deposits

    The government is unlikely to introduce the NRI deposits or the FCNR mechanism to attract foreign inflows aimed at arresting the fall of rupee, ET NOW quoted government sources as saying. FCNR stands for Foreign Currency Non-repatriable account deposits. The mechanism was used in 2013 when the RB...

    Mad rush outside RBI offices as deadline for depositing, exchanging old notes ends today

    Mad rush outside RBI offices as deadline for depositing, exchanging old notes ends today

    Mad rush was seen at designated RBI offices as the deadline for exchange of invalid notes by residents who were abroad during the cash ban window ends today.Mad rush outside RBI offices as deadline for depositing, exchanging old notes ends today

    Incremental growth on NRI deposits in FY15: Federal Bank

    Incremental growth on NRI deposits in FY15: Federal Bank

    Shyam Srinivasan, MD & CEO at Federal Bank, shares his view on impact of remittances and says that incremental growth on NRI deposits is 25 per cent in FY15. He further says that he hasn't seen decline in remittances as of now.Incremental growth on NRI deposits in FY15: Federal Bank

    NRI deposits pick up following RBI steps

    NRI deposits pick up following RBI steps

    In August and September, RBI took many steps to attract NRI deposits, to get more foreign exchangeNRI deposits pick up following RBI steps

    NRI deposits surge on high interest, weak rupee

    NRI deposits surge on high interest, weak rupee

    Despite the rupee taking a U-turn and appreciating against the dollar, the lure of high-interest income seems to be attracting Indians staying abroad to park huge sums in India.NRI deposits surge on high interest, weak rupee

    Banks hike interest rates on NRI deposits

    Banks hike interest rates on NRI deposits

    Banks hike interest rates on NRI deposits

    The Economic Times
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