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Private bank chiefs temper NRI deposit mop-up expectations; Top lenders stay cautious, say several factors affect inflows
MUMBAI: Top private bank chiefs are taking a cautious view of RBI's FCNR(B) deposit window, with lenders saying tax rules, overseas liquidity conditions and regulatory constraints could limit inflows below initial estimates.
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economictimes.indiatimes.com
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…
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thehindubusinessline.com
FCNR(B) mobilisation starts slow; banks remain optimistic on September-end targets
