US bank collapses to hit Indian IT companies severely
Bernstein downgrades Wipro and LTTS while JP Morgan has remained underweight on the Indian IT sector.
silicon valley bank collapse
March 2023
SVB crisis: Indian start-ups' deposits worth $1 bn stuck, says Chandrasekhar
Rajeev Chandrasekhar said the Indian banking system is resilient and strong and that startups in the country should therefore opt for Indian banks as their preferred banking partners.
Silicon Valley Bank collapse to have limited impact on Indian banks: Moody's
The impact will be limited for most rated financial institutions in Asia-Pacific (APAC), says Moody's.
Is fall of Silicon Valley Bank a repeat of 2008-09 crisis?
Last week, the Federal Deposit Insurance Corporation (FDIC) seized the assets of SVB marking the largest bank failure in the US since Washington Mutual during the height of the 2008 financial crisis.
SVB crisis: Bond losses of US banks likely over $620 bn
Failure of SVB a curtain raiser to the pain that banks face in the event of a liquidity crisis.
