Markets · 1 sources covering this

UAE central bank restrictions may dampen NRI dollar mobilisation

New UAE Central Bank rules are creating hurdles for Indian banks seeking to attract NRI dollar deposits. Restrictions on representative offices, including documentation support and cross-selling, are expected to slow down deposit mobilization, particularly for retail customers. This comes at a critical time as Indian banks are aggressively marketing FCNR(B) deposits with attractive interest rates and leverage options until September 30.

Share:WhatsApp X Reddit Facebook LinkedIn

Coverage spectrum

0 L · 0 C · 1 R

How 1 sources are covering this

Economic TimesLean R·6h ago
UAE central bank restrictions may dampen NRI dollar mobilisation
New UAE Central Bank rules are creating hurdles for Indian banks seeking to attract NRI dollar deposits. Restrictions on representative offices, including documentation support and cross-selling, are expected to slow down deposit mobilization, particularly for retail customers. This comes at a critical time as Indian banks are aggressively marketing FCNR(B) deposits with attractive interest rates and leverage options until September 30.
Read at Economic Times →

Embed this bias spectrum on your site

Paste this iframe wherever you'd like the widget to appear. Resizes responsively; no JS required.

<iframe
  src="https://hindustansphere.com/embed/cluster/836382fe7e6c6d1d52faac26ae8d2776f0509488"
  width="100%" height="320"
  style="border:0;max-width:680px"
  loading="lazy"
  title="UAE central bank restrictions may dampen NRI dollar mobilisation"></iframe>

UAE central bank restrictions may dampen NRI dollar mobilisation

How 1 sources are covering this

UAE central bank restrictions may dampen NRI dollar mobilisation

More from Markets

Stock market today: Gift Nifty hints flat-to-positive start; eight day trading stocks to buy on Thursday, 2 July

Asian stocks today: South Korea's Kospi falls 5%, Japan's Nikkei 225 plunges 2% over AI concerns

CSM Technologies shares to list today. Check GMP ahead of debut

Dollar steady as focus turns to US payrolls, yen intervention jitters persist

Reader

Trust & legal

Across the network