Silicon Valley Bank collapse: RBI weighs up impact on banks, NBFCs

Seeks details about their exposure

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 non-banks 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 data on similar exposure of Indian non-bank entities.
 

“The regulator is taking stock of the impact on the country’s financial system due to the bank’s failure