Overseas Indians withdrew nearly two billion dollars from Indian bank accounts in March. This outflow occurred during the Iran war. Reserve Bank of India data shows a contraction in Non-Resident Indian deposit inflows. Experts anticipate geopolitical uncertainties will impact NRI deposits further if conflicts persist. Withdrawals were seen in Non-Resident External Rupee Accounts and Non-Resident Ordinary accounts.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.
July 27, 2026