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According to the CME FedWatch tool, markets are pricing in a 26.2% chance that the Fed will stand pat when it announces its monetary policy decision on Wednesday, with a 73.8% chance of a 25 basis point rate hike.

In foreign exchange markets the U.S. dollar steadied after slipping overnight. It last bought 131.90 yen and held at $1.0718 per euro. Bond markets whipsawed overnight as traders seek to figure out what the bank stress means for rates policy.

Markets are pricing in a 53% chance that the U.S. policymakers will hold their benchmark lending rate in the current 4.50%-4.75% range at the end of their closely-watched March 21-22 policy meeting.

AT1 bonds are high-yielding bonds with characters of equity shares sold by banks to raise capital. These are designed to help banks meet funding needs in times of stress without reaching out to the government. These are contingent bonds in a sense that they could be converted into equity when the capital level of a bank falls below a specified threshold.

The Asia day offered an encouraging start, with Japanese yen cross-currency swaps, a measure of non-U.S. investor demand for dollars, shrinking to minus 35 basis points or half their levels last week, in another sign of respite in market funding conditions.

Transactions on a blockchain are anonymous. So, transaction tracing and implementing foreign exchange controls can become extremely difficult.

The company has fixed March 31 as the record date to determine the eligibility of shareholders for the said dividend payment.

Taking to Twitter, Kamath, who is known for his educational tweets on stock markets and other related issues, said the returns on G-Secs are higher than fixed deposits in banks.

Shares of First Republic Bank extended a recent slump on Monday with a 15% drop, after a report the regional bank could raise more money fanned worries about its liquidity despite a $30 billion rescue last week. S&P Global downgraded the bank deeper into junk status on Sunday and said the recent cash infusion from 11 large U.S. banks may not solve its liquidity problems

The S&P 500 was 0.4% higher in early trading. Much of the attention was still on banks, which may be cracking under the pressure of the fastest flurry of hikes to interest rates in decades.