The collapse of Silicon Valley Bank (SVB) has spooked banking stocks worldwide. With the US Federal Reserve (Fed) embarking upon an interest-rate increase spree to tame inflation, the Street fears that the SVB crisis-triggered largely due to asset-liability mismatch - is only the beginning.
Amid rout in global banking stocks, the Bank Nifty Index - a gauge for the performance of leading Indian banks has dropped over 4 per cent in just two trading sessions.
While banking stocks will continue to remain under pressure as the SVB crisis unravels, analysts believe Indian banks' deposit mix provides the requisite cushion.
"Amid all the doom and gloom in global banks and a contagion impact from the SVB issue, banks in India stand out with hardly any exposure - directly or indirectly to SVB. It remains a domestic deposit-funded system, with investments in Indian government securities (G-secs).
Bu hikaye Business Standard dergisinin March 14, 2023 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin March 14, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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