Start learning 50% faster. Sign in now
Get Started with ixamBee
Start learning 50% faster. Sign in nowForeign currency non-resident deposits, usually abbreviated as FCNR(B) – the B stands for banks, are term deposits that non-resident Indians (NRIs) can open with banks in India. These deposits are denominated in foreign currencies permitted by the Reserve Bank of India. In Sept 2013, RBI introduced the three-month swap window for FCNR(B) deposits with a term for three years or more. Under this swap window RBI allowed banks to exchange (or swap) their FCNR(B) deposits with it by paying an interest at a fixed rate of 3.5%. During the period, the interest rate ceiling on these deposits was also increased to LIBOR/Swap plus 400 basis points.
Which stadium will host its first-ever Women’s Test between India and England in 2026?
Which of the following statements is true regarding the newly discovered species of dartfish?
Which Indian athlete will be honored with the Olympic Order by the International Olympic Committee (IOC) in 2024?
Which states are the biggest beneficiaries of economic liberalization since the 1990s according to the PM-EAC report?
Consider the following statements about Mohenjo Daro:
1. Archaeologists recently discovered 2000-year-old copper coins in this area.
Who is the writer of the novel ‘Lucy by the Sea’?
The National Stock Exchange (NSE) and BSE have announced revisions in Enhanced Surveillance Measures (ESM) framework, which was introduced last month ...
Mega Plantation Drive for Oil Palm Cultivation under National Mission for Edible Oils has been organized and commenced on 25th July 2023 and will contin...
How many projects worth USD 40 billion has the New Development Bank approved so far?
Who has been named as India’s flag bearer for the Closing Ceremony of the Paris 2024 Olympics, following her outstanding performance at the games?