NRI
- Indian foreign spending skyrockets 29-fold in a decade
Over the past decade, Indian expenditures on foreign exchange have surged dramatically, increasing from $1.1 bn in FY14 to $31.7 bn in FY24, driven largely by travel expenses. In contrast, remittances...
- Sebi allows full NRI, OCI participation in IFSC-based FPIs to boost Indian investments
Sebi approves new rules to boost FPI investments from IFSCs by allowing aggregate contributions from NRIs, OCIs, and RIs up to 100%. The move aims to attract more investments from these groups, aligni...
- Indian diaspora sends home over $100 billion for second year in a row
My 2023-24 remittances were influenced by migration trends, job opportunities, and costs, with the US as the primary source. India remained the top recipient, fueled by IT professionals moving to Nort...
- Travel dominates forex spending abroad: RBI data
- External Affairs Ministry, SBI ink MoU to enhance digital payment services for eMigrate portal users
The Ministry of External Affairs (MEA) and the State Bank of India (SBI) signed a Memorandum of Understanding (MoU) on Saturday to enhance digital payment services for users of the eMigrate portal.
- NRI deposits surge, thanks to India's strong post-pandemic report card
India's robust post-pandemic economic performance has led to a surge in NRI deposits, reflecting confidence in the country's financial stability. A study by Bank of Baroda shows NRI deposits accountin...
- Julius Baer targets rich Indians in Dubai with UBS, JPMorgan hires
Julius Baer Group Ltd. hired senior bankers from UBS Group AG and JPMorgan Chase & Co. to strengthen its business serving wealthy Indians in Dubai.
- How NRIs can extract maximum value from voluntary deductible in their health insurance