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Banks likely to go all out to attract diaspora investment

CJPN24 AI Desk••2 min read
Banks likely to go all out to attract diaspora investment
Banks likely to go all out to attract diaspora investment
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Synopsis
RBI's decision to bear the hedging cost on FCNR-B deposits and exempt banks from maintaining the cash reserve ratio and statutory liquidity ratio against those deposits would save around 300 basis points of operational cost for banks, senior..

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Source: The Economic Times

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