In charts: Why NRIs are betting more and more on Indian banks

Apr 19, 2026 | 17:17 IST

(Image: AI)

A softer rupee is making remittances worth more in India. But even foreign-currency deposits are rising, showing NRIs are choosing Indian banks for more than just the exchange rate. Richa Gandhi explains

NRI money into Indian banks at 11-year high

Deposit inflows have climbed sharply over the past five years, well above pre-Covid levels. Over $16 billion in 2025 was the highest single-year inflow in more than a decade.

TOI

TOI

In charts: Why NRIs are betting more and more on Indian banks

A softer rupee is making remittances worth more in India. But even foreign-currency deposits are rising, showing NRIs are choosing Indian banks for more than just the exchange rate. Richa Gandhi explains

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TOI

In charts: Why NRIs are betting more and more on Indian banks

A softer rupee is making remittances worth more in India. But even foreign-currency deposits are rising, showing NRIs are choosing Indian banks for more than just the exchange rate. Richa Gandhi explains

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