Topic
cautious
Private Bank Chiefs Temper NRI Deposit Inflow Expectations as Tax, Liquidity Constraints Bite
Top private bank chiefs are taking a cautious view of RBI's FCNR(B) deposit window, with lenders saying tax rules, overseas liquidity conditions and regulatory constraints could limit inflows below initial estimates. HDFC Bank's Sashidhar Jagdishan said potential inflows may be around $50-55 billion instead of the earlier $60-80 billion estimate, while Axis Bank's Amitabh Chaudhry cautioned against speculation on single parameters.
Asian stocks cautious as Middle East tensions and Fed rate hike worries grip investors
Asian equities traded cautiously on Monday as lingering Middle East ceasefire uncertainty and expectations of further US interest rate hikes kept investors on the sidelines. Japan's Nikkei fell 1%, South Korea's Kospi dropped nearly 2%, and MSCI's Asia-Pacific index slipped 0.4%. Oil prices rose on supply fears, the dollar hovered near one-year highs, and AI stocks faced renewed pressure from rotation into cyclical sectors.