Latest NRI News & Updates
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
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
Vivek Ramaswamy Faces Racist Attacks Over Anniversary Post
Indian-American entrepreneur and Republican politician Vivek Ramaswamy recently took to social media to share a heartfelt message celebrating his 10th wedding anniversary with wife Apoorva. However, what should have been a touching tribute to their love story quickly turned into a target for online hate, as users posted a barrage of racist and anti-immigrant remarks, many of them telling the couple to “go back to India.” In his anniversary post on X , Ramaswamy shared tw
Vivek Ramaswamy Faces Racist Attacks Over Anniversary Post
Indian-American entrepreneur and Republican politician Vivek Ramaswamy recently took to social media to share a heartfelt message celebrating his 10th wedding anniversary with wife Apoorva. However, what should have been a touching tribute to their love story quickly turned into a target for online hate, as users posted a barrage of racist and anti-immigrant remarks, many of them telling the couple to “go back to India.” In his anniversary post on X , Ramaswamy shared tw







