scorecardresearchMore banks likely to offer higher interest rates on NRE deposits: Report

More banks likely to offer higher interest rates on NRE deposits: Report

Updated: 28 Jul 2022, 09:48 AM IST
TL;DR.
The steps on NRE deposits comes after the RBI temporarily exempted banks from adhering to a regulation that prevented interest rates on NRE deposits outstripping those on comparable domestic term deposits.
The central bank’s move is aimed at attracting more foreign inflows into India 

The central bank’s move is aimed at attracting more foreign inflows into India