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Private sector lender ICICI Bank has launched two new products – loan against deposits and dollar bonds – for non-resident Indians at its GIFT City branch in Gujarat and is the the first to offer these products in GIFT City. The loan against deposits facility is similar to a loan in foreign currency against a deposit in India and includes non-resident external fixed deposits in rupees. Clients may avail of the facility for short-term cash requirements without premature closure of term deposits which entails penalties. Up to 95 per cent of the deposit value can be availed of using this loan and customers can borrow for flexible tenures at fixed or floating interest rates.
Which of the following minsitry of India is participating in the 41st Sharjah International Book Fair, one of the most acclaimed book fairs of the world?
What was the key feature of the collaboration between ISKCON and NSDC?
Which Indian state has recently pioneered the establishment of 'co-districts' to enhance administrative efficiency?
Social e-commerce platform DealShare will invest _______ in small and medium Indian brands, including its own private labels, over the next five years.
LEAN Scheme is related to which sector?
The Rashtriya Gokul Mission, which has played a vital role in increasing India's milk production, contributed to an increase in milk production by what ...
What rank did India achieve in the Henley Passport Index 2025?
Which scheme has been introduced in Budget 2025-26 to encourage semiconductor and display manufacturing in India?
How much financial assistance was initially transferred under Odisha's Shahid Madho Singh Haath Kharcha Yojana?
