RBI allows NRIs to invest in chit funds

Last Updated: Thursday, June 11, 2015, 18:55

The Reserve Bank Thursday allowed non-resident Indians (NRIs) to invest in chit funds on non-repatriation basis without any ceiling, a move that will encourage flow of capital into the country.

India seeks investments from NRIs

Last Updated: Wednesday, January 8, 2014, 17:41

The government on Wednesday invited investments from non-resident Indians (NRIs), saying huge opportunities exist for them in areas like manufacturing.

Gold-hungry traders tap Indians living abroad

Last Updated: Tuesday, December 24, 2013, 23:41

Gold premiums in India rose to a record USD 160 per ounce on London prices earlier in December.

Banks collect over $25 bn from special dollar swap window: RBI

Last Updated: Monday, November 25, 2013, 13:46

The Reserve Bank on Monday said about USD 25 billion has been received from special concessional swap windows for deposits by non-resident Indians and overseas foreign currency borrowings by banks.

Andhra Pradesh offers online services to NRIs

Last Updated: Saturday, November 23, 2013, 21:21

The Andhra Pradesh government has launched a project to collect database of Non-Resident Indians from the state and to provide them some online services.

FII/NRI investment in Axis Bank reach trigger limit

Last Updated: Friday, November 22, 2013, 20:31

The Reserve Bank on Friday said FIIs and NRIs would not be allowed to purchase shares in Axis Bank as the limit for their investment has reached the trigger limit.

Only 6 NRIs from Madhya Pradesh enrol for voting

Last Updated: Saturday, October 26, 2013, 14:54

Only six Non-Resident Indians (NRIs) have registered themselves in the electoral roll for voting in the November 25 Madhya Pradesh Assembly polls.

Eleven NRI police stations set up in Punjab

Last Updated: Sunday, October 20, 2013, 23:42

The Punjab Government has established 11 NRI Police Stations for speedy redressal of complaints involving Non-Resident Indians.

Canara Bank launches two new housing schemes for NRIs, HNIs

Last Updated: Monday, September 23, 2013, 20:50

State-owned Canara Bank Monday launched two new housing schemes for Non-Resident Indians (NRIs) and High Networth Individuals (HNIs), in a bid to cash in on the festive fervour.

Foreign banks to provide upfront loans for NRIs

Last Updated: Monday, September 16, 2013, 15:50

Foreign banks will provide upfront financing for wealthy non-resident Indian clients to entice them to place bulky dollar deposits back home in response to India's drive for dollar funding to defend its weak currency, sources told Reuters.