Despite handing banks a golden ticket; 9x leverage and full hedging cost coverage; inflows have stalled at just $5–6 billion, far below the $50 billion target. Why? Investors in key markets like the UAE, Singapore, and Hong Kong are pulling back amid renewed U.S.-Iran tensions. In the U.S., expectations of 20% returns crashed into reality: actual yields hover near 14–15%. Even small finance banks, offering 7.8% rates, haven’t stirred the pot; they’re too new, too small. SBI leads with $2 billion, HDFC at $1 billion, but even giants are feeling the pinch. The quiet urgency? India’s Balance of Payments hangs in the balance; a third year of deficit looms. This isn’t just about bank deposits. It’s about geopolitical nerves, tax tweaks, and investor psychology; all colliding in a high-stakes monetary maneuver.