Indian state-run banks estimate $30 bln flow from overseas deposit scheme, sources say - The Economic Times

Indian state-run banks expect to raise nearly $30 billion through the RBI's subsidised NRI dollar deposit scheme by September 30, bankers told Reuters. About $10 billion has been mobilised so far. Banks expect inflows to accelerate after the RBI eased lending rules, with most funds likely to come in closer to the scheme's deadline.

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