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Boom time for NRI private banking business

The growing pool of wealth on the Asian sub-continent is being fed by a steady trickle from India– Non resident Indians (NRIs) are estimated to have in excess of US$1 trillion in financial assets. More importantly, this figure is expected to grow by as much as 50% or more according to the Capgemini Merrill Lynch Wealth Report 2010.  Not surprisingly,…

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