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Old notes: RBI closes window for Indians abroad; NRIs can exchange till June 30

Old notes: RBI closes window for Indians abroad; NRIs can exchange till June 30

The limited period window for exchange of junked Rs 500 and Rs 1,000 notes by Indians who were abroad ended today with many failing to do so because of limited counters and lack of procedural awareness.


Govt considering Aadhaar Card for NRIs: Swaraj

Swaraj said it has been decided that women workers will be allowed to go to Gulf countries for employment only through government agencies to ensure they are not duped by recruiting agents or firms.

RBI allows NRIs to invest in chit funds

The Reserve Bank Thursday allowed non-resident Indians (NRIs) to invest in chit funds on non-repatriation basis without any ceiling, a move that will encourage flow of capital into the country.

International liabilities of banks rises by 36% till Dec

The RBI on Friday said international liabilities of banks have increased 36 percent as non-resident Indians deposited funds in their home country.

India seeks investments from NRIs

The government on Wednesday invited investments from non-resident Indians (NRIs), saying huge opportunities exist for them in areas like manufacturing.

Gold-hungry traders tap Indians living abroad

Gold premiums in India rose to a record USD 160 per ounce on London prices earlier in December.

Banks collect over $25 bn from special dollar swap window: RBI

The Reserve Bank on Monday said about USD 25 billion has been received from special concessional swap windows for deposits by non-resident Indians and overseas foreign currency borrowings by banks.

FII/NRI investment in Axis Bank reach trigger limit

The Reserve Bank on Friday said FIIs and NRIs would not be allowed to purchase shares in Axis Bank as the limit for their investment has reached the trigger limit.

Canara Bank launches two new housing schemes for NRIs, HNIs

State-owned Canara Bank Monday launched two new housing schemes for Non-Resident Indians (NRIs) and High Networth Individuals (HNIs), in a bid to cash in on the festive fervour.

Foreign banks to provide upfront loans for NRIs

Foreign banks will provide upfront financing for wealthy non-resident Indian clients to entice them to place bulky dollar deposits back home in response to India's drive for dollar funding to defend its weak currency, sources told Reuters.

Puravankara forays into Saudi Arabia

Puravankara wants to cater to the housing needs of Non-Resident Indians there.