The Silicon Bank Valley (SVB) crisis offers many lessons to governments and central banks elsewhere. The crisis, essentially an outcome of failure of investment-risk assessment and asset liability mismatch. Under the US deposit insurance rules, every insured depositor will get up to a ceiling of $ 250000 but in the case of SVB collapse, the […]
Axis Bank eyes 10% stake in Go Digit life insurance business: Report
Bank Axis India is in talks to acquire shares in Go Digit Life Insurance, two sources with direct knowledge about the problem to Reuters, when the third largest private lender in the country tried to use the fast growing insurance market. Axis plans to take 10% shares with a price of around $ 9 million […]