Looks like India's financial institutions are in a panic to sell-out their dual-citizens.
MFs, banks lobby for extension of 31 August FATCA deadlineThe extension sought is backed by the rationale that massive investments face the risk of being temporarily locked-out until account-holders adhere with the FATCA rules.
Evidently the financial institutions are now in a panic and they're wanting the US to hold off their August 31, 2016 FATCA Deadline.
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