SVB contagion: Kotak AMC's Nilesh Shah on 4 reasons why Indian banks are better off than US lenders
Second thing, in case of SVB, deposit outflows moved very-very quickly. SVB was a geographically concentrated bank in Silicon Valley, having a very high concentration of bulk deposits. About 97.3% of their deposits were above 250,000, which is FDIC insurance limit. So it is a geographically concentrated and sector concentrated bank. Their clients were mainly startups.
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