Flows into NRI deposits grow multi-fold to $2.14 billion in first quarter

The flow of money into Non-Resident Indians (NRIs) deposits witnessed a substantial increase, touching $2.14 billion in the first quarter of this financial year (Q1FY24), compared with $349 million......

NRIs from 10 countries will soon be able to use UPI for fund transfer

The NPCI has permitted non-residents from 10 countries, including the US, Canada and UAE, to digitally transfer funds using the UPI platform from NRE/NRO accounts. The National Payments......

In a U-turn, outstanding NRI deposits rise in October

Breaking the streak of continuous fall in outstanding amounts, non-resident Indian (NRI) deposits rose for the first time in the financial year to $134.54 billion in October 2022. The figure was......

Foreign Fund Flows Remain Weak For Banks

Based on the current momentum, the funds likely to be raised through the RBI's relaxed window would be $3.5 billion-$4 billion. Illustration: Uttam Ghosh/Rediff.com   Almost two-and-a-half......