Indian banks are asking the Reserve Bank of India to remove a guarantee restriction. This move aims to attract money from the Indian diaspora. Banks want to revive a special deposit scheme for foreign currency non-resident accounts. This could help increase dollar supply. The Reserve Bank of India is considering the proposal.
Banks seek easing of guarantee curbs to draw more NRI funds
Indian banks are asking the Reserve Bank of India to remove a guarantee restriction. This move aims to attract money from the Indian diaspora. Banks want t…
