Banks expect NRI fund inflows to accelerate further amid FM Sitharaman's call to intensify outreach

IANS | July 13, 2026 6:03 PM

New Delhi, July 13 (IANS) The chiefs of public sector banks (PSBs) and financial institutions informed Finance Minister Nirmala Sitharaman on Monday that there was a strong response from NRIs to the higher interests rates and incentives that have been announced across foreign currency non-resident bank deposits FCNR (B) deposits, External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) swap initiatives.

Pakistan's Libya mediation exposes hypocrisy driven by financial interests: Report

IANS | July 13, 2026 5:41 PM

Tel Aviv, July 13 (IANS) The emergence of Pakistan as a mediator between Libya's rival eastern and western power centres adds a "cynical" dimension to the country's already fractured political landscape. With the explicit knowledge of Washington and several regional stakeholders, Islamabad has positioned itself in 2026 as a self-styled peace broker seeking to bridge the divide between the Libyan National Army in the east and the Government of National Unity in the west, a report has stated.