#fcnr-b
In FCNR (B) race, small banks raise deposit rates to woo NRIs
Small and mid-sized banks boost FCNR (B) deposit rates to attract NRIs amid competition from larger banks.
Euphoria over FCNR (B) deposits misplaced
Sections of the Indian diaspora in the US are facing an income squeeze, which may cloud the prospects of this scheme
Equitas SFB hikes USD FCNR (B) deposit rate to 7.13% pa for select tenure
The interest rate increase follows Reserve Bank of India’s special FCNR (B) swap facility, aimed at encouraging higher NRI fund inflows into India