New Delhi: Finance Minister Nirmala Sitharaman on Monday asked banks to enhance outreach to Non Resident Indians (NRIs) for greater mobilisation of foreign currency deposits.
Chairing a review meeting with CEOs of public sector banks and financial institutions on the Foreign Currency Non-Resident (Bank), or FCNR(B) deposits, External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) swap initiatives, Sitharaman appreciated the encouraging and enthusiastic initial response.
