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RBI Steps in as Banks Scale Back JPY-linked Special Deposits for NRIs

Mumbai's financial landscape has seen significant changes as the Reserve Bank of India (RBI) takes action on JPY-linked special deposits. Once a popular tool for attracting NRI funds, these deposits were marketed as premium rupee plans (PRPs), offering high returns by leveraging the forward premium on the Japanese yen. Banks, like IndusInd Bank and Yes Bank, had been using these products to attract NRI deposits by offering high yields based on the yen's forward premium in the foreign exchange

NRI News

27 Feb 2026 19:16 PM 10 views

RBI Steps in as Banks Scale Back JPY-linked Special Deposits for NRIs

NRI News

Bank of India’s Pravasi Sampark NRI Meet: Strengthening Global Banking Ties

Bank of India recently hosted an NRI Meet, “Pravasi Sampark,” in Mumbai’s North Zone, designed to enhance its engagement with the Non-Resident Indian (NRI) community. This initiative is part of the bank’s ongoing strategy to provide customer-centric financial services, catering to the evolving needs of NRIs, including banking, investment, and remittance solutions. The event highlighted the bank’s commitment to strengthening long-term relationships with global Indians by leveraging a

NRI News

27 Feb 2026 19:15 PM 13 views

Bank of India’s Pravasi Sampark NRI Meet: Strengthening Global Banking Ties

NRI News

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#nriaccounts

RBI Steps in as Banks Scale Back JPY-linked Special Deposits for NRIs

RBI Steps in as Banks Scale Back JPY-linked Special Deposits for NRIs

Bank of India’s Pravasi Sampark NRI Meet: Strengthening Global Banking Ties

Bank of India’s Pravasi Sampark NRI Meet: Strengthening Global Banking Ties

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Ajit Doval tells US India will not bow to pressure ahead of trade deal talks

Andhra Pradesh Lands ₹82,000 Crore Renewable Energy Deal for Solar and Hydrogen

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Amitabh Bachchan’s X Post Sparks Curiosity Among Fans

Nandamuri Tejeswini Joins Siddhartha Fine Jewellers: A Blend of Tradition and Glamour

Ajit Doval tells US India will not bow to pressure ahead of trade deal talks

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Turkish Airlines A330 with 236 onboard lands safely in Kolkata after takeoff scare

Maha Shivratri: Celebrating Lord Shiva's Power, Rituals, and Spiritual Significance

#nriaccounts

RBI Steps in as Banks Scale Back JPY-linked Special Deposits for NRIs

RBI Steps in as Banks Scale Back JPY-linked Special Deposits for NRIs

Bank of India’s Pravasi Sampark NRI Meet: Strengthening Global Banking Ties

Bank of India’s Pravasi Sampark NRI Meet: Strengthening Global Banking Ties

Amitabh Bachchan’s X Post Sparks Curiosity Among Fans

Nandamuri Tejeswini Joins Siddhartha Fine Jewellers: A Blend of Tradition and Glamour

Ajit Doval tells US India will not bow to pressure ahead of trade deal talks

Andhra Pradesh Lands ₹82,000 Crore Renewable Energy Deal for Solar and Hydrogen

Naidu Urges Collaborative Efforts to Resolve Telangana–Andhra Water Sharing Dispute

2026 Lunar Eclipse Blood Moon Date, Time, and Viewing Guide in India

US Tech Companies Rely on H-1B Visas for AI Talent Amid Rapid Investments

NRI Parents and the Evolving Concept of Marriage: Bridging Cultural Gaps

Turkish Airlines A330 with 236 onboard lands safely in Kolkata after takeoff scare

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