Tag: FCNR(B) deposits
Banks can offer loans for FCNR (B), rebook deposits, RBI clarifies
Mumbai: Indian banks and their overseas branches can extend loans to customers against FCNR(B) deposits raised through the RBI swap facility, the central bank clarified….
RBI clears loans, SBLCs against FCNR(B) deposits under swap scheme
The Reserve Bank of India (RBI) on Tuesday clarified that banks can extend loans to non-residents and issue standby letters of credit (SBLCs) against FCNR(B)…
RBI temporarily withdraws rate caps on FCNR(B), NRE deposits till Sept 30
KOLKATA: The Reserve Bank of India on Wednesday temporarily removed the interest rate ceiling on non-resident deposits allowing banks to go all-out in overseas fund…
RBI temporarily eases FCNR(B), NRE deposit rate norms to attract overseas funds
The Reserve Bank of India (RBI) on Wednesday temporarily relaxed interest rate restrictions on certain non-resident deposits, giving banks greater flexibility to offer higher returns…
RBI forex measures to lower banks’ overseas borrowing costs by 2-2.5 per cent, aid inflows: Report
Mumbai: The RBI‘s recent measures to incentivise overseas borrowings could lower funding costs for banks by 2-2.50 per cent through the external commercial borrowing (ECB)…
RBI’s measures may attract USD 60-70 billion foreign capital, support rupee: India Ratings
New Delhi: The RBI’s forex swap measures on FCNR (B) deposits and ECBs by state-owned companies could attract USD 60-70 billion in foreign capital and…