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16 hours ago

How NRIs, OCIs can get 45% annual return on $1 lakh FCNR (B) deposit as this bank in India offers 19X leverage; Should you go for it?

How NRIs, OCIs can get 45% annual return on $1 lakh FCNR (B) deposit as this bank in India offers 19X leverage; Should you go for it?

HSBC Bank’s IFSC Banking Unit in GIFT City is offering Non-Resident Indians to borrow up to 19 times their own fund on FCNR (B) deposits. It means the bank is offering 19X leverage on FCNR (B) where an investor investing $10,000 in a Foreign... Read more.

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