Among the 30 banks whose names are included in this list, 4 banks are from China. So at the same time a big bank of Japan is also involved in this. Already three big banks of America and Credit Suisse of Switzerland have also come under the grip of recession.
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After America, Europe and now gradually big banks of many big countries of the world have come under fire. In fact, the matter was fine till America’s Silicon Valley and Signature, but when it comes to a big bank like Credit Suisse, then the matter is bound to be serious. Actually Credit Suisse is such a bank which is included in 30 important banks of the world. These 30 banks have the responsibility of maintaining the financial health of the world.
Now that the news of threatening Credit Suisse itself has started coming, then it is bound to draw a line of concern on the rest of the banks. Financial Stability Board is one such board which issues such reports every year. Their job is not to allow the banks included in this list to sink at any cost. If even one bank involved in these sinks, then the financial system of the whole world can collapse.
Banks of these countries are included
Among the 30 banks whose names are included in this list, 4 banks are from China. So at the same time a big bank of Japan is also involved in this. Already three big banks of America and Credit Suisse of Switzerland have also come under the grip of recession, although the matter of relief here is that the name of any Indian bank is not included in it. The biggest crisis is with European banks. The names of more than half a dozen European banks including BNP Paribas, Barclays, BPCI are included in this.
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India is still untouched
Not a single Indian bank is included in the 30 banks whose names are mentioned in this list. The reason for the alertness and monitoring of the Reserve Bank of India ie RBI is that the banks of India are still looking out of this crisis. RBI had recently released the list of safest banks in which big banks like State Bank of India, ICICI Bank and HDFC are included. According to RBI, these three banks are the most systemically imported banks in the country, that is, RBI will not let them sink at any cost. But the big question is that when there is a threat to such 30 banks of the whole world, which take care of the financial health of the whole world, then if they sink, then it will not affect the Indian economy.
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