Indian Banks May Raise $35–$40 Billion Through RBI Foreign Currency Deposit Scheme, Says PNB CEO Indian banks could raise between $35 billion and $40 billion through the Reserve Bank of India’s new foreign currency deposit scheme. The initiative is aimed at boosting foreign exchange inflows and supporting liquidity in the banking system. The scheme is expected to attract deposits from Non-Resident Indians (NRIs) by making foreign currency deposits more attractive to banks and depositors. Read More https://thekanal.in/en-IN/details/indian-banks-may-raise-3540-billion-through-rbi-foreign-currency-deposit-scheme-says-pnb-ceo-79668 #banking