Days after the collapse of Silicon Valley Bank (SVB), the Reserve Bank of India (RBI) has swung into action to take stock of its impact on Indian companies and banks. The regulator has started collecting information on banks and nonbanks exposure to the failed Santa Clara-headquartered lender.
According to sources, the banking regulator has asked banks to furnish details of their equity exposure and deposits in SVB. In addition, the regulator is also gathering a cause for data on similar exposure of Indian nonbank entities.
"The regulator is taking stock of the impact on the country's financial system due to the bank's failure in the US. Both banks and non-banking companies may have exposure in terms of equity investments or deposits in the failed lender," informed a source.
There are a few Indian banks with operations in the US, like State Bank of India (SBI), ICICI Bank, Bank of Baroda, and Bank of India.
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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