StartupsET Techabout 3 hours ago
NRI money could ease banks' funding crunch
3 min read
Axis Bank CEO Amitabh Chaudhry said Indian banks will use fresh foreign-currency deposits from the Indian diaspora to replace expensive funding before deploying into new lending. The RBI move to absorb hedging costs on dollar deposits could bring nearly $50 billion. Funds may target infrastructure, data centers, and commercial real estate.
Level
Hype check
Tap to vote and see what everyone thinks.
