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RBI permits domestic banks to extend credit against foreign currency deposits abroad
RBI allows banks to lend against foreign currency deposits to non-residents, aiming to boost dollar inflows. New rules include swaps, liens, and FCNR incentives.
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economictimes.indiatimes.com
Banks seek RBI clarity on leveraged NRI FCNR deposit structures
Indian banks are seeking clarity from the RBI on allowing overseas branches to lend to non-residents for FCNR(B) deposits. Some lenders, like SBI, have already launched structured…
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RBI sweetens FCNR deposits: NRIs can now earn up to 7% on dollar savings - The Economic Times
For the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.
