Credit Suisse is of greater importance to the Indian banking sector than Silicon Valley Bank, which is in the process of collapsing. The fate of the Swiss lender is being watched closely by the nation's central bank, which may intervene to prevent any liquidity issues or counter-party risks. Foreign banks make up only 6% of banking assets in India, with Credit Suisse accounting for 1.5% of that share.source https://economictimes.indiatimes.com/industry/banking/finance/banking/credit-suisse-more-relevant-than-silicon-valley-bank-in-india-jefferies/articleshow/98687259.cms
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