NRI money could ease banks' funding crunch before powering India's capex: Axis Bank CEO
Published on: June 29, 2026, 11:36 a.m. | Source: The Economic Times
Indian banks are set to leverage new foreign-currency deposits from the diaspora to replace costly funding, according to Axis Bank CEO Amitabh Chaudhry. This move, enabled by a recent RBI policy, aims to attract overseas capital and support the rupee. The influx of funds is expected to be directed towards infrastructure, data centers, and real estate, easing pressure from a widening gap between loan and deposit growth.
