India’s Banks Seek Over $50 Billion in Deposits From Overseas Nationals
2026-06-12 10:39:48
Indian banks are mounting a global campaign to attract more than $50 billion in deposits from overseas nationals to help bolster foreign-exchange reserves and support the rupee. According to Bloomberg, the push marks India’s renewed effort after more than a decade to tap its roughly 35 million-strong diaspora for funding.
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