Last Updated: Monday, August 19, 2013, 21:57
Dena Bank Monday raised interest rates on NRI deposits of over three years by 1 percent, days after the Reserve Bank deregulated interest rates on such deposits.
Last Updated: Wednesday, August 14, 2013, 21:49
In a bid to attract foreign currency, the Reserve Bank Wednesday deregulated interest rates on NRI fixed deposit schemes and exempted such term deposits from CRR and SLR requirement.
Last Updated: Tuesday, March 26, 2013, 12:42
The bank deposits by non-resident Indians (NRI) in Kerala stood at Rs.62,708 crore till December 2012, bankers said Tuesday.
Last Updated: Sunday, January 13, 2013, 19:05
However, the non-resident (ordinary) rupee accounts and foreign currency non-resident accounts saw an outflow this year as against an inflow last year, according to the central bank data.
Last Updated: Friday, June 22, 2012, 16:26
Worried over declining value of rupee, the Finance Ministry on Friday said the Reserve Bank and the government are taking steps to arrest fall of the Indian currency which touched a historic low of 57.30 to a dollar.
Last Updated: Friday, May 04, 2012, 20:43
To attract inflows in view of falling rupee, the Reserve Bank on Friday raised the interest rate ceiling on NRI deposits in foreign currencies by up to 3 percent.
Last Updated: Sunday, December 25, 2011, 13:14
The RBI move gave banks the freedom to fix rates on non-resident external rupee deposits and ordinary non-resident accounts with immediate effect.
Last Updated: Friday, December 23, 2011, 14:18
The new rate is being offered on term deposits of 15 months 15 days to 16 months.
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