Friday, March 17, 2023

Trouble in Credit Suisse unlikely to impact India's banking system: Experts

The Switzerland-based bank, the report said, "has less than Rs 20,000 crore in assets (12th among foreign banks), presence in the derivatives market and funded 60 per cent of assets from borrowings, of which 96 per cent are up to two months. Still, it's small for the banking sector with 0.1 per cent share of assets."

source https://economictimes.indiatimes.com/industry/banking/finance/banking/trouble-in-credit-suisse-unlikely-to-impact-indias-banking-system-experts/articleshow/98741258.cms

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