{
  "id": 13834693,
  "title": "DBS Chief sees overseas confidence in India despite capital outflow concerns",
  "url": "https://urgent.news/2026/10/11/dbs-chief-sees-overseas-confidence-in-india-despite-capital-outflow",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-11T18:31:32.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/dbs-chief-sees-overseas-confidence-in-india-despite-capital-outflow-concerns/articleshow/134880062.cms"
  },
  "original_language": "en",
  "account": "DBS Bank CEO Tan Su Shan has dismissed worries about capital outflows from India, citing strong demand for FCNR(B) deposits as proof of overseas confidence in the nation. However, she also pointed out the importance of increasing foreign direct investments (FDI) and rising exports to support the rupee, which is close to record lows. Tan emphasized that the success of FCNR deposits demonstrated that the world has faith in Indian credits and is willing to invest their hard-earned savings in the country with the proper structures and incentives. During a meeting with Finance Minister Nirmala Sitharaman, Tan expressed her optimistic outlook on India, highlighting its growing middle class, economic growth, and digital infrastructure. She also mentioned India's potential to become a global leader in artificial intelligence. Indian banks have mobilized $133 billion under the FCNR(B) scheme, but foreign investors have sold $7.76 billion worth of Indian equities in the past two months, causing the rupee to weaken. RBI has introduced measures to curb volatility. Tan stressed the need for India to attract more FDI and boost exports to maintain currency stability. She suggested that Singapore could facilitate investment between North and South Asia. Regarding artificial intelligence, Tan noted India's software talent, demographics, and digital infrastructure give it an edge, but the country must develop hardware and precision engineering capabilities to fully capitalize on the AI boom. Tan concluded by emphasizing the need to better communicate India's growth, expanding middle class, consumption, and digital infrastructure to global investors.",
  "summary": "DBS Bank CEO Tan Su Shan emphasized the strong demand for FCNR(B) deposits as investor confidence in India. She highlighted India's potential for foreign direct investment and its advantageous position in the artificial intelligence sector. Despite foreign net sales affecting the rupee, she remains optimistic about India's economic growth and digital infrastructure. Tan discussed the importance…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}