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NRI money could ease banks' funding crunch before powering India's capex: Axis Bank CEO - The Economic Times

Indian banks are set to leverage new foreign-currency deposits from the diaspora to replace costly funding, according to Axis Bank CEO Amitabh Chaudhry. This move, enabled by a recent RBI policy, aims to attract overseas capital and support the rupee. The influx of funds is expected to be directed towards infrastructure, data centers, and real estate, easing pressure from a widening gap between loan and deposit growth.

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economictimes.indiatimes.com

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economictimes.indiatimes.comStai leggendo1 mese fa

NRI money could ease banks' funding crunch before powering India's capex: Axis Bank CEO - The Economic Times

Axis Bank will deploy $50B in NRI deposits to cut funding costs, then invest in data centers and capex. This signals infrastructure boom in India; banks accelerate AI spending (15% of tech budget) to modernize stack.

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thehindubusinessline.com1 mese fa

Banks to retire high-cost funds with diaspora money, says Axis Bank chief

Axis Bank plans to utilize diaspora funds to replace costly deposits and invest in infrastructure and technology.

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lunedì 29 giugno 2026·thehindubusinessline.com
Banks to retire high-cost funds with diaspora money, says Axis Bank chief
Axis Bank plans to utilize diaspora funds to replace costly deposits and invest in infrastructure and technology.
lunedì 29 giugno 2026·economictimes.indiatimes.com
NRI money could ease banks' funding crunch before powering India's capex: Axis Bank CEO - The Economic Times
Indian banks are set to leverage new foreign-currency deposits from the diaspora to replace costly funding, according to Axis Bank CEO Amitabh Chaudhry. This move, enabled by a…