Banks Are Cash-Rich and Ready to Spend, But Stay Chill

So, like, banks are totally swimming in cash—$133 billion from these FCNR(B) deposits, and they’re ready to flex that dough this festive season! But chill, they’re not going wild just yet; they’ll swap out those pricey deposits first. Oh, and India’s forex reserves are flexing too—$780 billion! But watch out for tech risks, because if AI goes rogue, we’re all in trouble!