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RBI reins in JPY-linked special deposits as banks scale down premium offerings

Mumbai's financial sector has witnessed a significant recalibration as a once-popular deposit product—the Japanese yen (JPY)-linked special deposit—loses momentum following regulatory scrutiny and shifting bank strategies. These fancy financial instruments, heavily marketed to attract non-resident Indian (NRI) funds and appease analysts with attractive yield spreads, are now undergoing a correction. The Reserve Bank of India (RBI) has reportedly advised certain banks to ensure

NRI News

30 May 2025 02:49 AM 1.11k views

RBI reins in JPY-linked special deposits as banks scale down premium offerings

Mumbai's financial sector has witnessed a significant recalibration as a once-popular deposit product—the Japanese yen (JPY)-linked special deposit—loses momentum following regulatory scrutiny and shifting bank strategies. These fancy financial instruments, heavily marketed to attract non-resident Indian (NRI) funds and appease analysts with attractive yield spreads, are now undergoing a correction. The Reserve Bank of India (RBI) has reportedly advised certain banks to ensure

NRI News

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#special-fds

RBI reins in JPY-linked special deposits as banks scale down premium offerings

RBI reins in JPY-linked special deposits as banks scale down premium offerings

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Debate grows in Ohio over kratom ban as overdoses rise and regulation stalls

Inside The Controversial Bill To Remove Jailed Chief Ministers: A Political Storm Unfolds

Four injured in Fort Worth shooting near apartment complex

New Jersey poll finds Garden State drivers say New Yorkers are the worst

AMCA Defence Hub in Puttaparthi: Rajnath & Chandrababu Lay Foundation

Congressman Danny Davis to retire and endorse LaShawn Ford for 7th district seat

Trump claims major US military success against Iran at White House event

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#special-fds

RBI reins in JPY-linked special deposits as banks scale down premium offerings

RBI reins in JPY-linked special deposits as banks scale down premium offerings

Debate grows in Ohio over kratom ban as overdoses rise and regulation stalls

Inside The Controversial Bill To Remove Jailed Chief Ministers: A Political Storm Unfolds

Four injured in Fort Worth shooting near apartment complex

New Jersey poll finds Garden State drivers say New Yorkers are the worst

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Congressman Danny Davis to retire and endorse LaShawn Ford for 7th district seat

Trump claims major US military success against Iran at White House event

Khamenei Praises National Cohesion Amid Rising US-Iran Tensions

Iran frozen funds begin transfer via Qatar under deal talks

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