Λεπτομέρειες βιβλιογραφικής εγγραφής
| Τίτλος: |
Yes Bank Hikes FX Deposit Rates to Attract Non-Resident Inflows. |
| Συγγραφείς: |
Nayak, Siddhi (AUTHOR) |
| Πηγή: |
Bloomberg.com. 6/10/2026, pN.PAG-N.PAG. 1p. |
| Θεματικοί όροι: |
*Bank deposits, *Foreign exchange rates, *Capital movements, *Banking laws, *Banking industry, *Interest rates |
| Εταιρία/Οντότητα: |
YES Bank Ltd. |
| Περίληψη: |
The article focuses on Yes Bank Ltd., a private-sector Indian lender, raising interest rates on foreign currency non-resident (FCNR) deposits by up to 335 basis points to attract capital inflows and support the Indian rupee. The bank now offers rates of 7% on three-year FCNR deposits, 7.05% on four-year, and 7.10% on five-year deposits, significantly higher than the previous maximum of 4%. This move follows recent regulatory relaxations by the Reserve Bank of India aimed at encouraging banks to increase foreign currency deposits, including a dollar-rupee swap facility to lower the cost of attracting overseas funds. [Extracted from the article] |
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| Βάση Δεδομένων: |
Business Source Index |