Page 23 - Founder Circle News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Indias banking system is expected to remain unscathed from the troubles in Credit Suisse as it has a very small presence in the country, experts said.Although Credit Suisse is more relevant to Indias financial system than Silicon Valley Bank SVB, it has very limited operations, according to a report by Jefferies India.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.

Biden administration's announced that depositors of Silicon Valley Bank (SVB) will have access to their money, has given hope, said Nasscom's Senior Vice President

Apex IT industry body Nasscom on Monday said the US administration's stance on protecting depositors of Silicon Valley Bank that collapsed, is "reassuring" for Indian startups who have funds in that bank.

On Sunday, US Treasury Secretary Janet Yellen said the federal government will not bail out SVB. However, the government is working to help depositors whose money is in the bank.

In order to enhance the liquidity of the stock, a company may raise the number of its shares by reducing the face value of each share at a certain ratio through stock split.