Friday, October 17, 2008

NRIs take advantage of the current situation of high exchange rates and interest rates - Venugopalan

Indian Banks are safe:

Indian banks are seen at a safer position during the current global financial crisis due to their "insignificant" exposure to the US markets. These banks also did not have a large presence of structured products, which were responsible for the crisis in the West.

Venugopalan, India's Federal Bank CEO and Managing Director, says that it is advisable to invest in non-resident ordinary (NRO) deposits or relatives' domestic deposits as rates are higher now. To read more, please, visit - NRIs to invest in India following the global crisis

Related Story:

Investment opportunities for Non Resident Indian (NRI) in India

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