Large banks could be biggest beneficiaries of RBI’s FCNR move: MOFSL’s Nitin Aggarwal

Large banks could be biggest beneficiaries of RBI’s FCNR move: MOFSL’s Nitin Aggarwal

Nitin Aggarwal, Head-BFSI Research Institutional Equities at MOFSL, says the RBI’s latest FCNR deposit measures could attract $40–50 billion of foreign currency inflows over the next few months. He believes large private banks and select PSU lenders with strong NRI franchises are best placed to benefit. Aggarwal notes that depositors could earn annualised returns of…

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'Okay if Gambhir wanted me, Kohli & Rohit out': Ashwin backs India coach's call to 'move on' | Cricket News

‘Okay if Gambhir wanted me, Kohli & Rohit out’: Ashwin backs India coach’s call to ‘move on’ | Cricket News

Virat Kohli, Ravichandran Ashwin. (File photo) Former India spinner Ravichandran Ashwin has spoken about his retirement and backed head coach Gautam Gambhir, saying he is within his rights to take calls in the interest of the team, even if it means senior players have to move on.Ashwin announced his retirement in December 2024 during the…

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Harbhajan Singh’s ₹7 crore bungalow in Jalandhar, Punjab is a personalised sanctuary rooted in cricket, memories and family values

Harbhajan Singh’s ₹7 crore bungalow in Jalandhar, Punjab is a personalised sanctuary rooted in cricket, memories and family values

Harbhajan’s residence is different from others. The whole house is built on deep emotions showcasing his cricketing journey. As he shared in a home tour, the idea behind the space was clear “Homes are made of people”. The property was built around 2010 on land reportedly gifted by the government in recognition of his cricketing…

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Working abroad? How to stay compliant with India’s tax residency rules in a globalised world - explained

Working abroad? How to stay compliant with India’s tax residency rules in a globalised world – explained

Individuals should effectively apply tie breaker rules in case of possible dual residency under applicable tax treaty provisions. (AI image) In today’s globalised world, the ability to live in one country and work in another country for an employer in the third country is becoming a norm rather than an exception. Professionals are increasingly building…

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