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The team at iFactor is knowledgeable, responsive, and genuinely cares about our success. We are grateful for their partnership and will continue to work with them for all our financial needs..
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Featured News
RBI temporarily withdraws rate caps on FCNR(B), NRE deposits till Sept 30
The Reserve Bank of India has removed interest rate caps on specific non-resident deposits. This move grants banks more freedom to attract foreign funds. The changes are effective immediately and will continue until September 2026. Banks can now offer higher rates on FCNR(B) and NRE deposits. This aims to boost long-term liability mobilisation and improve asset-liability management for financial institutions.
UK-India free trade deal to kick in on July 15, cutting tariffs by over $480 mn in year one
The United Kingdom and India will implement their Free Trade Agreement on July 15. This landmark deal, signed last year, promises to boost trade significantly. Businesses have 28 days to prepare for the changes. Tariffs on many UK exports to India will be reduced, including Scotch whisky and automotive products. India will also eliminate tariffs on most UK imports.
