Page 2 - Banking Crisis

How Indian tech cos banded together to help each other during SVB crisis

The SVB collapse has alerted hundreds of Indian investment and tech companies. They came together to help each other and share knowledge to deal with the impact

US, Europe banking woes likely to hit Indian IT companies' growth

Indian IT players like TCS, Infosys, Wipro, HCL Technologies, Mphasis, and LTIMindtree have exposure to some of the troubled banks

Crypto decouples from global financial markets amid banking sector gloom

The collapse of several banks in the last two weeks has spread fears of contagion in global markets, but crypto markets saw a bull run, with Bitcoin climbing to its nine-month high on Monday

US officials study ways to guarantee all bank deposits if crisis expands

One legal framework under discussion for expanding FDIC insurance would use the Treasury Department's authority to take emergency action and lean on the Exchange Stabilization Fund, the people said

Oil prices hit lowest levels since 2021 on banking fears recession

The slide in oil occurred despite an historic deal in which UBS, Switzerland's largest bank, agreed to buy Credit Suisse in an attempt to rescue the country's second-biggest bank

UBS takes over Credit Suisse: Everything you need to know about the crisis

Credit Suisse crisis: Swiss government said it would provide $9 bn to help UBS meet the possible losses while taking over Credit Suisse, and Swiss National Bank will provide $100 bn of liquidity

US Fed meeting, banking crisis to drive equity markets this week: Analysts

The trading activity in the domestic equity markets is likely to remain volatile this week as investors will focus on global cues such as the outcome of the US Federal Reserve meeting and the US banking crisis due to lack of local triggers, analysts said. FII activity and movement in the rupee and oil prices will also be watched by traders as global trends have been dictating the direction of the local stock markets currently, they added. Benchmark Sensex and Nifty declined by around 2 per cent last despite a recovery in the last two sessions due to selling in financials, IT, auto and banking stocks as fears of contagion of the US banking crisis kept investors on the edge. The US banking crisis remained at the centre stage keeping the participants on their toes. Besides, the continuous outflow the foreign funds added to worries, analysts said. "In absence of any major domestic event, the focus would be on the upcoming FOMC meet scheduled on March 21-22. Besides, movement in crude a

Indian markets may underperform in 2023; buy the dips: CJ George

The direct investment in the cash segment by retail investors continues to be muted

Wall Street falls on banking crisis worries; First Republic Bank tumbles

Indexes down: Dow 0.63%, S&P 0.36%, Nasdaq 0.25%

Credit Suisse $54 billion lifeline offers limited respite to global banks

The European banking index, initially rose following the intervention, but was virtually flat by 1130 GMT

Market turmoil leaves investors poorer by more than Rs 4.4 trillion

Domestic equity investors' wealth eroded by more than Rs 4.43 lakh crore on Monday as fears of a financial contagion triggered by one of the biggest bank failures in the US roiled market sentiments. After a strong opening, Indian stocks went into a tailspin with the benchmark 30-share BSE Sensex tumbling nearly 900 points to close at 58,237.85 points -- sliding for the third straight trading session. The NSE Nifty too declined 258.60 points to end at 17,154.30 points. Reflecting the massive sell-off across sectors, the total market valuation of BSE-listed companies stood at Rs 2,58,56,295.60, leaving investors poorer by Rs 4,43,023.89 compared to the closing level on Friday. The total market valuation was at Rs 2,62,99,319.49 at the end of trading on Friday, when the key index had crashed more than 670 points. Out of the 3,757 stocks that traded on the BSE, as many as 2,915 closed in the red while 695 managed gains. A total of 219 stocks touched their 52-week low while 75 reached

Managing bad loans

Bank balance sheets would need to be quickly repaired

FinMin may cut interest rates on small savings schemes for April-June qtr

The govt last cut the small savings rates for the July-September 2019 quarter, except for one scheme

Best of BS Opinion: Banking crisis, Citizenship Act protest, and more

From protest against Citizenship Amendment Act to why banking crisis is still not over, Business Standard brings you the best of opinions for the day

As credit crunch bites, Indians pawn off family gold for quick funds

The trend, which has prompted some lenders to impose restrictions as risks and borrowing costs rise, has been accelerated by record gold prices

In pictures: PMC Bank account holders protest at Mumbai's Azad Maidan

The PMC Bank has been put under restrictions by the RBI after an alleged fraud of Rs 4,355 crore scam came to light

Abhijit Banerjee calls for aggressive changes to deal with banking crisis

Banerjee said there is need to bring down stake of the government to below 50 per cent in banks so that the decisions are taken without fear of Central Vigilance Commission

How opportunistic behaviour can worsen India's $200 bn-plus bad loan crisis

A capital-constrained economy like India can't afford a jungle raj in finance

Trouble is brewing in the farthest corner of China's shadow banking

The repercussions could be significant if losses on such products fuel a broader retreat from high-yield assets in the world's second-largest economy

Valuations of banking stocks may come under pressure amid economic slowdown

Meanwhile, there is enough evidence to indicate that NBFCs, real estate sector and retail loans may not presently be in a safe zone for banks to be complacent about