Is the Credit Suisse crisis a threat to Indian banks?

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There's a growing fear that if the bank collapses it could trigger the next global financial crisis.

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Credit Suisse has assets worth $829.12 billion as against SBI's $694 billion, as per S&P Global rankings of the world's top 100 banks.

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The situation is getting compared to the Lehman Brothers situation which triggered the global financial crisis of 2008.

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Credit Suisse is just eight places above India's largest bank - the State Bank of India. The bank's financials turned red in 2021 with a loss of $1.80 billion.

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The bank's revenues were $29.04 billion in 2021 as against $32.38 billion in 2020.

Credit Suisse's stock, which touched a high of 18.61 CHF (Swiss franc), has crashed to a low of 3.94 CHF.

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Credit Suisse's capital ratio in India is 34.62 per cent, which is far higher than the regulatory requirement of 9 per cent

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