Some are also hoping to eventually sell insurance and investment advice
Central bank launches initiative to encourage remittances and deposits in dollars
HSBC, SBI and ICICI Bank emerged as the top beneficiaries of the RBI’s dollar deposit scheme for NRIs, raising $6.14 billion, $4.12 billion and $3.7 billion, respectively. Launched to support the rupee and boost foreign…
ICICI Bank leads private-sector peers with about $3.7 billion in deposits under the scheme. HDFC Bank and Axis Bank, the country’s largest and third-largest private lenders respectively, raise about $1.5 billion each
HSBC, SBI and ICICI Bank emerged as the top beneficiaries of the RBI’s dollar deposit scheme for NRIs, raising $6.14 billion, $4.12 billion and $3.7 billion, respectively.…
ICICI Bank leads private-sector peers with about $3.7 billion in deposits under the scheme. HDFC Bank and Axis Bank, the country’s largest and third-largest private lenders…