Banking Sector takes the Breath Away

Just as the global economic scenario seemed to be returning to normal in the wake of the receding scare of the pandemic, March 2023 decided to give things a bit of shake, rattle and roll. This was primarily on account of the fallout of Silicon Valley Bank (SVB), a steady bank in many ways that went bust in hours not because of bad lending but because of investing in US’ treasuries – something considered a safe investment! The same month also saw a 150+ years’ old Swiss Bank collapse, creating fissures in the banking sector across developed economies. Yet, after the end of such a dismal month and quarter, the bulls are looking to regain control of the market.