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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
India records $8.1 billion deficit in April-June balance of payments, June turns surplus
India's balance of payments account recorded an $8.1 billion deficit in the first quarter. This shift occurred as overseas investors withdrew funds amid geopolitical concerns. The country's current account deficit widened slightly to $3.1 billion during this period. A significant capital account deficit of $5 billion was also reported by the central bank. Higher fuel import costs contributed to the overall unfavorable financial situation.
RBI shortens FCNR (B) deposit swap window to Aug 31
The Reserve Bank of India recently announced a revised timeline for the swap facility associated with FCNR(B) deposits, now set to end on August 31, 2026. This adjustment follows an unexpected increase in foreign currency inflows noted until August 13. Meanwhile, borrowers utilizing ECB and OFCB options will continue to benefit from an extended scheme, running through December 31, 2026.






