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VERIFIEDET Finance·positive
An eye for dollars: SBI brings in $1.9 billion in foreign-currency resources via special scheme, way ahead of peers
AI Summary
- ·State Bank of India mobilized $1.9 billion in foreign-currency resources through a special scheme.
- ·This amount is significantly higher than what other state-owned and private sector banks have raised.
- ·Banks are focusing on attracting overseas currency inflows from the Indian diaspora to offer greater flexibility to high-net-worth clients.