HDFC Bank announced to increase interest rates on its Foreign Currency Non-Resident (FCNR) deposits. The FCNR) deposits for three years to five years tenors and above have been hiked to 6 percent. The
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Business
SBI, Bank of India and more: Top Indian banks offer NRIs up to 6.6% on foreign currency deposits
India's top financial banking services providers -- State Bank of India (SBI), Bank of India (BoI), and Yes Bank -- have sharply raised interest rates on Foreign Currency Non-Resident (Bank) or FCNR(
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Indian equity benchmark indices ended a volatile trading session lower on Thursday as investor sentiment weakened amid escalating geopolitical tensions in West Asia following fresh military action by
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The Reserve Bank of India (RBI) is likely to revive the issuance of fresh licences for urban co-operative banks (UCBs), a move that would end a two-decade pause on new entrants in the sector, accordi
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Business
Indian paper currency notes to be replaced with plastic currency notes from 30 June 2026? Govt says…
: Several social media posts are going viral, claiming that RBI will withdraw paper currency notes and replace them with plastic currency notes by the end of this month. The digitally altered video sh...
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As part of the ongoing money laundering investigation involving Jaypee Infratech, the ED attached immovable assets worth Rs 100 crore belonging to two companies, an official said on Tuesday. The Direc
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