Kotak Mahindra Bank is the latest bank to cut savings account interest rates by 25 basis points, effective from April 25, ...

Kotak Mahindra Bank has reduced savings account interest rates by 25 bps for balances between Rs 5 lakh and Rs 50 lakh, ...

Non-resident Indian (NRI) deposit inflows rose 23% to US$ 14.55 billion in FY25, reaching US$ 160.33 billion by February 2025.

NRI deposits in Indian banks surged by 23.3% to $14.55 billion between April 2024 and February 2025, according to RBI data.

The total outstanding NRI deposits at the end of February 2025 reached $160.33 billion. Sequentially, outstanding deposits ...