Remittances
Remittances News
Federal Bank holds 21% of inward remittance market: Report
According to data by the Reserve Bank of India, private banks account for over half the flow of remittances, at 52.8 percent.
Russia-Ukraine conflict: How Tajikistan and other Central Asian nations have become accidental victims
The sanctions imposed by the West over the conflict in Ukraine were aimed to cripple Moscow’s economy. They are also causing collateral damage, as millions of migrant workers from Tajikistan, the Kyrgyz Republic, and Uzbekistan working in Russia suffer
Bachi Karkaria's Tales from TJ Road: A story of Mumbai's dynamic local enterprise that's a reminder of Bombay's past
Through this fortnightly column, Tales From TJ Road, Bachi Karkaria tells the story of Mumbai's metromorphosis
MoneyGram partners with Federal Bank; tie-up aims to expand account deposit capabilities for millions
Federal Bank enjoys a market share of more than 15 percent of the remittance market in India, and the tie-up with MoneyGram is expected to provide a further boost to this business.
Toll collections to see 13% drop due to nationwide lockdown; revival likely to be slow: CRISIL Research
Over the long term - fiscals 2019-2024, CRISIL Research said it expects toll collections to bounce back to a healthier compound annual growth rate (CAGR) of 11-12% on the back of new road construction.
Lockdown Impact: World Bank says remittances to India likely to decline by 23% in 2020 due to COVID-19
Globally remittances are projected to decline sharply by about 20 percent this year due to the economic crisis induced by the COVID-19 pandemic and shutdown.
Customer complaints against banks surge 25% to 1.63 lakh in FY18; SBI leads among PSBs, HDFC in private sector
The major grounds of complaints received during the year was non-observance of fair practices code, ATM. credit card and debit card issues
Bahrain invites Indian fintech firms to set up base, offers opportunities in open banking, blockchain among others
To promote startups, a public private partnership platform in the name of Bahrain Fintech Bay has been created that provides physical space for fintech companies.
Pravasi Bharatiya Divas 2019: Govt wants 31 million-strong Indian diaspora to make 'desi' drive with flagship programme
The Government of India will mark the 15th Pravasi Bharatiya Divas in Varanasi between 21 and 23 January. Prime Minister of Mauritius Pravind Kumar Jugnauth will preside over the three-day convention, where the theme this year is 'Role of Indian Diaspora in building a New India'.
India to retain position as world's top recipient of remittances in 2018, says World Bank report
India will retain its position as the world's top recipient of remittances this year, the World Bank said in a report.
Kerala, Maharashtra, Karnataka and Tamil Nadu received 60% of total remittances in FY17, shows RBI data
Nearly 82 percent of the total remittances received by the country originated from eight countries - the United Arab Emirates, the United States, Saudi Arabia, Qatar, Kuwait, Oman, the United Kingdom and Malaysia.
With $69 bn in remittances in 2017, India retains top slot followed by China, Philippines, says World Bank
India had in 2015 received remittance of US $68.91 billion, which fell to US $62.74 billion in the following year and has now risen to US $68.96 billion in 2017.
After Tripura debacle, CPM's national fortunes rest on money sent from West Asia to Kerala
In simple words, it’s not ideology or any progressive policies but West Asian capitalism that will keep the rump of the CPM or rather communism alive in India. When the remittances start falling, we will see the real test.
With $62.7 billion, India top remittance-receiving country in 2016: UN report
In the decade between 2007 and 2016, India surpassed China to become the top receiving country for remittances.
Gulf diplomatic crisis: India's commercial ties with the key players involved in charts
With the fall in oil prices, India's total trade with the Gulf countries has been on a decline
Oil crisis, economic slowdown, tightening visa norms hit remittances; decline to continue in 2017
Back-to-back decline in remittances for the first time in 30 years will continue in 2017 as well, with Middle East countries still struggling with low oil prices and the United States adopting more job protection measures for their citizens
Remittances to India to decline by five per cent in 2016: World Bank
India, the world's largest remittance recipient in 2015, may receive a remittance of USD 65.5 billion this year, a drop of 5 per cent, the World Bank has said in a new report citing weak economic growth in remittances-source countries and cyclic low oil prices.
Crisis in Saudi Arabia for workers from Kerala is only the tip of their iceberg of woes
Reports regarding massive layoffs and non-payment of wages to thousands of expatriates in Saudi Arabia for months have raised concerns in Kerala, where nearly a quarter of the total 78 lakh households depend on foreign remittances for livelihood
Economy, security and expats: There's a lot on Modi's mind ahead of Saudi Arabia visit
Prime Minister Narendra Modi will round up his trip to Brussels and Washington with a stopover in Saudi Arabia on 2 and 3 April, on his way back home