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SBI Raises Over $1.5 Billion in FCNR Deposits

SBI Raises Over $1.5 Billion in FCNR Deposits

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Strong response from overseas Indians boosts RBI-backed foreign currency deposit scheme. Key Highlights News Story New Delhi: State Bank of India (SBI) has mobilised more than $1.5 billion in foreign currency deposits under the Reserve Bank of India’s (RBI) special Foreign Currency Non-Resident (FCNR) deposit scheme launched last month, according...

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