AMID fears that the ill-effects of the collapse of US-based Silicon Valley Bank (SVB) may spread across banks globally, analysts have pointed out that Indian banks may escape the fiasco with no or minor bruises.
Indian banks' strong funding and liquidity will allow them to hold onto their held-to-maturity (HTM) securities, Moody's said on Tuesday amid fears that the failure of two banks in the US will spill over to other countries. According to the global rating agency, Indian banks have faced strenuous solvency challenges in the past decade, but their funding and liquidity have held up strongly and have been a key factor supporting their overall credit strength.
This story is from the March 15, 2023 edition of The New Indian Express.
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This story is from the March 15, 2023 edition of The New Indian Express.
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