Nirmala Sitharaman reviewed the progress of the Foreign Currency Deposit drive with banks.

India

Who

Nirmala Sitharaman, RBI Deputy Governor

What

When

Mon, 13 Jul 2026 13:22:31 GMT · 1h 49m ago

Where

India ·

Why

The RBI Deputy Governor assured participants that the central bank continues to support banks and financial institutions in mobilising deposits and facilitating eligible borrowings.

The Frontline Impact

How this affects you

The review indicates ongoing efforts by the Indian government and the Reserve Bank of India to manage foreign currency reserves and support financial institutions.

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Verified Sources & Citations

Devdiscourse
https://www.devdiscourse.com/article/law-order/3949517-nirmala-sitharaman-reviews-foreign-currency-deposit-drive-with-banks
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