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2:19
Reuters
Reuters
Explainer: What caused Silicon Valley Bank's failure?
SVB Financial Group Inc's shutdown and takeover by banking regulators on Friday can be traced to the U.S. Federal Reserve raising interest rates and souring the risk appetite of investors.
Mar 10, 2023
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Banks 🏦 are the cornerstone of every economy, so a failing banking infrastructure can be devastating for the country. Over the past few months, we’ve heard notable banks fail in the world’s largest economy- The United States, but what if the same happened in India 🇮🇳 ?Don’t worry about it, the RBI has your back. The RBI has insured all depositor accounts like savings, fixed, current, recurring, etc.However, there is a catch. 🥲The insurance is only up to 5 lakhs of the total interest and prin
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