Macro updates
In the aftermath of SVB collapse in the US, RBI is taking stock of impacts on Indian banks and NBFCs. RBI has asked the entities to furnish details of their equity exposure and deposits in SVB. In addition, the regulator is also gathering data on similar exposure of Indian non-bank entities. RBI’s Financial Stability Report of December 2022 had indicated that even under severe stress scenarios – credit risk is manageable and that domestic banks would be able to comply with minimum capital requirements.
March 14, 2023