Several Indian banks, including HDFC Bank, Yes Bank, and AU Small Finance Bank, have increased interest rates on foreign currency deposits for Non-Resident Indians (NRIs) following the Reserve Bank of India's recent relaxation of FCNR(B) deposit regulations. The move is aimed at attracting greater foreign currency inflows amid ongoing pressure on the rupee and foreign exchange reserves.
HDFC Bank underperforms peers as major private and public sector lenders post early gains; banking index remains positive.
Mumbai, June 27, 2025 | 10:20 AM...
