RBI sweetens NRI deposit nudge for banks
· livemint.com
The RBI's recent measures exempt rupee loans against certain foreign currency deposits from net bank credit calculations, enabling banks to attract more NRI deposits between June and September while simplifying the lending process and supporting India's balance of payments.
Mumbai: In a fresh incentive for banks to attract foreign currency deposits from overseas Indians, the Reserve Bank of India (RBI) on Friday exempted rupee loan...