indian overseas bank

Overseas Indians withdrew nearly $2 billion more than they deposited in Indian bank accounts in March, driven by a fall in Non-Resident External Rupee Accounts and Non-Resident Ordinary accounts. This trend, linked to geopolitical uncertainty from the Iran war, saw total NRI deposits decline to $165.65 billion.

Indian overseas travel spending saw a significant drop in March, with remittances falling by over $212 million from February. This decline, attributed to rising oil prices and a weakening rupee, occurred despite travel remaining the largest component of outward remittances under the Liberalised Remittance Scheme.

Non-Resident Indians dying without a will face complex property distribution in India. Intestate succession can lead to disputes and delays, requiring heir certificates, succession certificates, and mutation of property records. Indian succession laws, based on religion, govern inheritance for property in India, regardless of the deceased's foreign citizenship. A will is strongly advised to simplify the process.

In the financial landscape of Bihar, a remarkable milestone was reached as the credit-deposit ratio soared past 60.21% in FY 2025-26, reflecting vigorous economic growth and a surge in citizen confidence. This impressive jump from 44.09% in 2018-19 particularly supports vital areas such as agriculture and MSMEs.

The Indian rupee has fallen nearly 6% against the US dollar due to Middle East tensions, prompting the Reserve Bank of India to consider measures like interest rate hikes and attracting dollar inflows. Officials are exploring a foreign currency deposit scheme for NRIs and a potential sovereign dollar bond to stabilize the currency.

A decades-old investigation into drug lord Iqbal Memon alias Mirchi's assets has unearthed a complex web of transactions. The Enforcement Directorate is probing the illegal takeover and sale of prime Mumbai real estate, leading to arrests of associates and businessmen. Documents revealed Mirchi's transnational operations and family disputes that may have led to the leak of sensitive information.

PM Modi has called on citizens to adopt measures aimed at conserving foreign exchange, as the surge in oil prices triggered by the Iran conflict has intensified pressure on the rupee and strained India’s foreign exchange reserves.

The final theatrical countdown has officially begun for 'Dhurandhar 2: The Revenge'. With a worldwide gross that has comfortably soared past the Rs. 1,800 crore mark, the blockbuster sequel is now within striking distance of breaching the coveted Rs. 1150 crore net milestone in India. However, with its unrated "Raw & Undekha" cut scheduled to premiere on JioHotstar on June 4, 2026, the film has less than a week left to maximize its theatrical footfalls. While the ambitious dream of dethroning 'Pushpa 2’s ultimate domestic record has faded, 'Dhurandhar 2' continues to cement its status as an all-time box office legend.

Rupee depreciation is not new, what is new however is the rapid pace at which it is falling. It’s the biggest risk for India’s external sector resilience at the moment. In just over a year, the rupee has depreciated over 14%.

Madhurawada To Get Drainage, 24x7 Water Supply Under UCF Scheme

Sitharaman also pointed out that apart from higher crude oil prices, fertiliser prices have reached “unimaginable” levels, while elevated gold prices are creating challenges on the external sector front.

The platform has officially confirmed that Dhurandhar: The Revenge will stream in India from June 5, with a grand digital premiere on June 4 at 7 PM. While international viewers have been watching the uncensored 'Raw & Undekha' cut on Netflix since May 14, Indian fans are now equally excited about the OTT release.