Indian Bank targets $2 billion through FCNR deposits

Indian Bank sees fresh FCNR (B) deposits worth $140 million since new RBI rule; optimistic of clocking $2 b till Sept

Indian Bank currently offers a rate of interest of 6 per cent on such FCNR (B) deposits

Banks rush for global ratings as FCNR (B) fund-raising gains momentum

The development comes amid a broader trend among Indian lenders looking to shore up foreign-currency liabilities as credit demand rises

Nandan Nilekani-backed Fundamentum targets ₹2,200 crore for third VC fund

Fundamentum launches ₹2,200-crore third fund, bets on AI and India’s Series B opportunity

Initial cheque sizes will range between ₹100 crore and ₹150 crore, with the firm taking board seats and working closely with founders throug

State Bank of India draws over $1.5 billion in forex deposits

The demand reflects the program’s attractive returns. Since the Reserve Bank of India is subsidizing the plan, lenders are offering deposito

India’s RBI Revives Push to Cut Banks’ Exposure to Crypto, Private Stablecoins

The Reserve Bank of India is reviving a policy push to insulate the banking sector from crypto assets and privately issued stablecoins. Coin