State-run Canara Bank announced plans to secure 2.5 billion dollars through non-resident foreign currency deposit schemes.
Tag: foreign currency deposits
RBI Directive Allows Banks to Extend Loans Against Foreign Currency Deposits — New Instrument Activated
The Reserve Bank of India’s directive enables commercial banks to use foreign currency deposit collateral for lending opening new avenues for corporate finance.
RBI Allows Banks to Offer Loans Against Foreign Currency Deposits — New Lending Instrument
The Reserve Bank of India’s new directive enables commercial banks to extend credit using foreign currency deposits as collateral expanding liquidity options.