Speaking to CNBC-TV18 on the sidelines of the UBS India Summit 2025, Doshi said that foreign investors are actively seeking opportunities in India.
Foreign investors have diverted part of their allocations from India to other Asian markets such as China and Korea in recent months. This shift has been driven partly by strong initial public offerings (IPO) activity in India, which absorbed some liquidity from secondary markets.
Additionally, post-Liberation Day developments were not particularly favourable for Indian equities, though sentiment is expected to improve heading into 2026. “The mood is upbeat,” Doshi said, pointing to the participation of both foreign and domestic investors at the conference.
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He added that supportive commentary from policymakers, including a former RBI deputy governor, reinforces confidence that monetary policy will continue to back economic growth.
Doshi, a veteran banker, sees growing global interest in India’s financial sector. The recent increase in foreign direct investment (FDI) into Indian banks, including a large stake acquisition in a private lender, signals a shift in regulatory stance and investor appetite.
He said India’s financial services industry remains one of the best ways to tap into the country’s 1.4 billion-strong consumer base. “There’s now a need for synergy between what global banks can bring in terms of products and reach, and what Indian banks already offer,” he noted, suggesting that more cross-border collaborations could follow.
According to Doshi, investors from Japan, Korea, and other regions are actively exploring opportunities in India’s banking space — an encouraging sign for long-term capital inflows.
UBS itself is expanding its footprint in India’s financial ecosystem. The Swiss banking group recently acquired a 5% stake in 360 ONE WAM, one of India’s leading standalone wealth and asset management firms.
Doshi said the partnership combines UBS’s global expertise with 360 ONE WAM’s domestic strength, providing a gateway for global investors to participate in India’s growth story and enabling Indian clients to access international opportunities.
Calling it “a win-win for both sides,” he said the collaboration marks only the beginning of a deeper relationship between the two firms. “It’s early days, but this is the start of the partnership,” he said, indicating that UBS could look to expand its involvement over time.
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