PD Singh’s FCNR Deposit Dilemma: Too Much Cash to Handle

So, PD Singh, the mastermind at Standard Chartered, spills the beans about their FCNR deposits stacking up like unassembled gadgets in my lab. They’re lending this extra cash to Indian banks because, really, who wants capital just gathering dust? With foreign funds zooming into India, it’s a strategic dance, sidestepping geopolitical landmines. Think of it as a high-stakes chess match, folks. Game on!