US banking turmoil hits the prices of ADRs for domestic banks, shows data

Analysts say domestic banks' dependence on local depositors insulates them from the crisis

Samie Modak Business Standard
Bank, money, Banks

The US banking turmoil has impacted the prices of American Depository Receipts (ADRs) for domestic banks.In the case of HDFC Bank, the ADR premium has shrunk by nearly 5 percentage points, from 16.5 p

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First Published: Mar 16 2023 | 5:18 PM IST

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