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VERIFIEDMint Money·neutral
Citigroup, Axis Bank team up to leverage NRI deposits and boost dollar inflows
AI Summary
- ·Citigroup and Axis Bank have partnered to utilize NRI deposits and increase dollar inflows.
- ·Axis Bank will provide standby letters of credit as part of the agreement.
- ·Citigroup will offer financing through its offshore operations, supported by these letters of credit.