Banks seek easing of guarantee curbs to draw more NRI funds

Indian banks are asking the Reserve Bank of India to remove a guarantee restriction. This move aims to attract money from the Indian diaspora. Banks want to revive a special deposit scheme for foreign currency non-resident accounts. This could help increase dollar supply. The Reserve Bank of India is considering the proposal.

from Markets-Economic Times https://ift.tt/YOV5qGk
via

Post a Comment