UAE’s top bank to offer $1.5 billion for NRIs investing in RBI's forex deposit program - The Economic Times

First Abu Dhabi Bank is offering up to $1.5 billion in financing to non-resident Indians investing in India's foreign-currency deposit scheme, using leverage backed by standby letters of credit. The move supports the RBI's drive to boost forex reserves, with analysts estimating the programme could attract as much as $50 billion in deposits.

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