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Veteran bankers question “US$1 billion” NRI banking opportunity

Some of the best-known Non-Resident Indian (NRI) bankers in Asia today are sceptical of industry estimates of the opportunity presented by the growing wealth of the Indian diaspora. “The figure everyone uses as an estimate of industry size is US$1 billion in bankable assets,” says one veteran banker who has spent over a decade servicing NRI clients in Hong Kong….

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