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SVB lessons

Inflation management versus public debt management - the RBI's two roles are at odds with each other

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Illustration: Binay Sinha

Ajay Tyagi
The commentators are right in saying that there is no likelihood of any contagion impact of Silicon Valley Bank’s (SVB’s) collapse on the Indian banks. Though some more banks in the US have subsequently fallen, they all are small banks involved in niche activities and the Indian banks have limited exposure to them. As for Credit Suisse, it had its own set of problems that were known for quite some time; the episode may have some impact on the Indian financial market, but once again nothing much to worry about.

Unlike the trigger for the 2008 financial crisis, there was no
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First Published: Mar 30 2023 | 11:03 PM IST

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