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Indian banks allowed to give INR loans to Sri Lanka customers
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Indian banks allowed to give INR loans to Sri Lanka customers
ECONOMYNEXT – The Reserve Bank of India has allowed Indian banks to given loans to customers in Sri Lanka Bhutan and Nepal denominated in Indian rupees. Branches of Indian banks in Sri Lanka would also be allowed to give Indian rupee loans to banks in the island or to individuals. “This development will make credit more accessible for businesses in Sri Lanka,” the Indian embassy in Colombo said. “The provision allowing such loans to be denominat…
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