Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday that India's banking sector as a whole has emerged stronger from the unprecedented challenges of the recent COVID-19 pandemic and the subsequent geopolitics.
The latest fund inflows started after the recent banking crisis in the US, leading to the Silicon Valley Bank's closure, among others, in March. Also, India's strong economic outlook, as forecasted by various global agencies, seemed to have made a renewed appetite for domestic stocks.
The latest fund inflows started after the recent banking crisis in the US, leading to the Silicon Valley Bank's closure, among others, in March. Also, India's strong economic outlook seemed to have a renewed appetite for domestic stocks.
The credit quality of Indian banks and non-bank financial institutions will remain resilient despite a challenging environment for banks globally, according to Moody's Investors Service which said they are well placed to weather global banking sector stress.
One of the most prominent lenders in the world of technology startups, Silicon Valley Bank, which was struggling, first collapsed on March 10, after a run on the bank by the depositors.
One of the most prominent lenders in the world of technology startups, Silicon Valley Bank, which was struggling, first collapsed on March 10, after a run on the bank by the depositors.
"With additional information now available, I am writing to note that we still estimate that Treasury will likely no longer be able to satisfy all of the government's obligations if Congress has not acted to raise or suspend the debt limit by early June, and potentially as early as June 1
Indian banking system is better positioned to tackle rising interest rates and the impact of the ongoing US banking turmoil on Indian lending conditions is expected to be limited, according to Crisil.
The recent banking crisis in the US appears to have resulted in tighter credit conditions and they are likely to hurt economic activities, said US Federal Reserve Chair Jerome Powell after the two-day monetary policy review meeting where it once again hiked interest rates in their pursuit of
Following the failures of a few US banks, Federal Deposit Insurance Corporation (FDIC) Chairman Martin J Gruenberg directed the relevant agencies to conduct an analysis of the current deposit insurance framework and identify reform options as well as additional tools that can be used to maxi
US-based First Republic Bank was closed on Monday (local time) by the local regulators and entered into an agreement with JP Morgan Chase Bank to purchase and assume all deposits and assets of the troubled bank in a bid to protect depositors.
The US Federal Reserve Board on Friday announced the results from the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Michael S Barr.