RBI’s Concessional Dollar Swap Scheme Soars Past $40 Billion, Bolstering India’s Forex Reserves
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August 2, 2026
The Reserve Bank of India's concessional dollar swap facility has impressively mobilized over $40 billion in foreign exchange, doubling in just two weeks. This surge significantly strengthens India's forex reserves and financial stability, driven largely…
Canara Bank Targets $2.5 Billion in Foreign Currency Deposits to Fuel Global Growth
July 28, 2026
Canara Bank aims to secure $2.5 billion in foreign currency deposits by year-end, leveraging its global network and attractive offerings for Non-Resident Indians. This strategy strengthens its international operations and diversifies funding sources.