Markets · 1 sources covering this

HDFC, ICICI Bank rates up for dollar deposits

Banks are raising FCNR(B) deposit rates to attract dollars amid global rate increases. ICICI Bank and HDFC Bank have already adjusted their offerings for dollar deposits. Higher overseas borrowing costs and market competition necessitate these rate adjustments. Global benchmark rates have risen since the scheme's operationalization in June. This special scheme for attracting foreign currency closes on 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·7h ago
HDFC, ICICI Bank rates up for dollar deposits
Banks are raising FCNR(B) deposit rates to attract dollars amid global rate increases. ICICI Bank and HDFC Bank have already adjusted their offerings for dollar deposits. Higher overseas borrowing costs and market competition necessitate these rate adjustments. Global benchmark rates have risen since the scheme's operationalization in June. This special scheme for attracting foreign currency closes on 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/facd14575bb4e4b6cc9a3301b94d613c7e854184"
  width="100%" height="320"
  style="border:0;max-width:680px"
  loading="lazy"
  title="HDFC, ICICI Bank rates up for dollar deposits"></iframe>

HDFC, ICICI Bank rates up for dollar deposits

How 1 sources are covering this

HDFC, ICICI Bank rates up for dollar deposits

More from Markets

Nifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 3 August

From Gift Nifty to RBI MPC meeting: 8 key things that changed for Indian stock market overnight

Oil tumbles as Trump cancels attack on Iran to reach nuclear deal

Crushed by Kospi rout, angry Koreans vow not to buy

Reader

Trust & legal

Across the network