#nre-deposits
RBI exempts banks from maintaining statutory reserve ratios on fresh NRE term deposits
The Reserve Bank of India has now exempted banks from maintaining statutory reserve ratios on fresh Non-Resident (External) Rupee (NRE) term deposits of three years or more tenor mobilised by the banks between June 19, 2026 and September 30, 2026 as part of i…
RBI temporarily withdraws rate caps on FCNR(B), NRE deposits till Sept 30
The Reserve Bank of India has removed interest rate caps on specific non-resident deposits. This move grants banks more freedom to attract foreign funds. The changes are effective immediately and will continue until September 2026. Banks can now offer higher …