Standard Chartered's Enchanted Journey for FCNR Deposits

Finance

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Standard Chartered's Enchanted Journey for FCNR Deposits

In the magical realm of finance, Standard Chartered Bank and the wizardly PD Singh have conjured a spell to gather FCNR(B) deposits from the enchanted Reserve Bank of India. At the FICCI-IBA gathering, he proclaimed, 'We have more than we can handle!' But beware, for lurking in the shadows are geopolitical goblins that threaten this golden flow of foreign treasure.