Dubai invests $9.3 billion in India, boosting economic ties with 147 projects over the next decade. This investment aims to empower local businesses and enhance trade relations. The Dubai Chamber of Commerce reports a surge of 7,579 new Indian companies joining, highlighting the growing collaboration between the two regions.
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Learn about Joint FCNR(B) accounts for NRIs, including eligibility and operational rules. NRIs can open these accounts with eligible resident relatives, enhancing their banking options. Discover the key conditions and benefits of maintaining these accounts to manage foreign currency effectively.
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HDFC Bank has successfully raised $1.75 billion as the FCNR(B) fundraising window approaches its closure. This includes $500 million from three-year notes and $1.25 billion from five-year bonds, highlighting the bank's strategic move to enhance its foreign-currency reserves. As banks intensify their fundraising efforts, HDFC Bank's actions reflect a proactive approach in the current financial landscape.