#nri deposits Tech News.
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StartupsET Techabout 2 hours ago
NRI money could ease banks' funding crunchAxis 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.
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