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Economics1h 42m ago
HSBC's GIFT City unit is offering Non-Resident Indians leverage up to nineteen times their deposited funds on FCNR deposits.
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GIFT City, India
Who
HSBC, Non-Resident Indians (NRIs)
What
HSBC's GIFT City unit is offering Non-Resident Indians leverage up to nineteen times their deposited funds on FCNR deposits.
When
Fri, 17 Jul 2026 00:26:00 GMT · 1h 42m ago
Where
GIFT City, India ·
Why
To attract overseas dollar deposits and boost foreign exchange inflows until September 2026, following a temporary relaxation of interest rate ceilings by the Reserve Bank of India.
The Frontline Impact
How this affects you
This initiative aims to significantly increase foreign exchange inflows into India by incentivizing Non-Resident Indians to deposit dollars and utilize leverage for borrowing.
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