Axis Bank Chief Warns of Crazy Lending with FCNR Cash Surge

Amitabh Chaudhry, the head honcho at Axis Bank, raised eyebrows at the Global Fintech Fest, warning that a tidal wave of foreign deposits could spark some crazy lending. With a jaw-dropping $136.4 billion pouring in, he urged banks to think twice before diving in, especially with interest rates possibly on the rise. It's a wild ride ahead in the banking world!