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India, UAE central banks said to hold talks on FX deposit issues
India and the UAE central banks have discussed regulatory hurdles affecting India's drive to attract foreign-currency deposits from NRIs in the Gulf. The talks come as Indian banks seek up to $50 billion under the RBI's subsidised deposit scheme, while concerns over capital outflows, due diligence and funding costs continue to pose challenges.
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economictimes.indiatimes.com
India draws nearly $10 billion under RBI's overseas deposit drive to support rupee: Report - The Economic Times
India has attracted about ten billion dollars through a special deposit program. This initiative aims to bolster foreign exchange reserves and support the Indian rupee. The…
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India, UAE central banks said to hold talks on FX deposit issues
India and the UAE central banks have discussed regulatory hurdles affecting India's drive to attract foreign-currency deposits from NRIs in the Gulf. The talks come as Indian…
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cryptobriefing.com
Indian state-run banks estimate $30B inflow from overseas deposit scheme
Indian state-run banks project $30 billion in inflows from the RBI's special FCNR(B) deposit scheme, with nearly $10 billion already mobilized by mid-July