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Citi and Axis Team Up on Leveraged India Dollar Deposit Boom
Citigroup Inc. has partnered with Axis Bank Ltd. to facilitate financial investments for non-resident Indians. This collaboration allows individuals to finance foreign-currency deposits by utilizing the services of the local lender.
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Adjacent reporting
- Citigroup’s Indian Clients Shift Focus to Rupee Volatility
- Race for Diaspora Dollars Pumps Up India’s Bond, Loan Markets
- India Lets NRIs Leverage Deposits to Draw Dollars
- Citi Makes Bullish India Inflow Calls After RBI Move
- India Bank Shares Jump as Deposit, Yield Worries Ease
- Rupee May Get Further Boost as Indian Banks Line Up Overseas Debt