Schemes offered to NRI customer's by foreign banks
By Joseph Samson
Sep 17, 2013
Print    Email    RSS   

Foreign banks are now providing NRI's different incentives like cheaper rates of the swap between dollars to rupee so that they can opt for dollar deposit in India. This would revive the practice used in 2000 when the rupee was down.

A senior economist at CLSA Singapore, Rajeev Malik stated that the scheme provided to the NRI's was unique due to leverage that was given. The reason behind it is due to the slow government actions.

There have been special bank accounts that have been launched by foreign banks like Standard Chartered, DBS and Citi. To help save the rupee value, the RBI has freed the interest rates on FCNR bonds.

The leverage would be given only to selected customers as efforts are being made by both local as well as foreign banks to save the rupee in every way they can as well as ensuring that no undue advantages is being taken.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

New Vs. Used Car loan in India: Benefits...
This is how a bank lends money
Loans against Cars: A Quick Solution for...
Tata Nano: How would Bank Loans look
Carnival of Indian Personal Finance Blogs #6

Hello I am looking to renew my car insurance and I...
my loan no
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...

SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive