Banks Court Wealthy Indian Diaspora in $50 Billion Deposit Drive
Source:
bloombergMarkets
June 12, 2026 · 03:15
After more than a decade, India is once again turning to its 35 million-strong diaspora for support. This time, banks are mounting a global campaign to attract more than $50 billion in deposits from overseas nationals as policymakers seek to bolster foreign exchange reserves and support a battered rupee.
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