FM Nirmala Sitharaman asks banks to step up NRI outreach as FCNR(B), ECB, OFCB schemes draw strong interest

FM Nirmala Sitharaman calls for enhanced NRI outreach to sustain foreign currency mobilisation momentum

Finance Minister Nirmala Sitharaman urged banks to enhance outreach to Non Resident Indians. Banks are offering attractive returns on foreign currency deposits and are seeing significant interest. Public sector banks…