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Private banks’ global Indian strategies “hamstrung” by onshore regulations, weak NRI home bias, bankers say

The increasingly prevalent ‘global Indian’ strategy – a concept that effectively combines private banks’ India onshore and NRI segments – will be constrained by caps on remittances for onshore clients as well as low allocations to Indian markets among NRI portfolios, say NRI bankers in Singapore and Hong Kong. The strategy has garnered the interest of a number of private…

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