The current #bankingcrisis is ongoing and will have repercussions for years to come after the failure of Silicon Valley Bank and Credit Suisse's rescue by UBS last month. It is important to note that banking crises can have significant and long-lasting effects on the economy and society. Experts say, banks are vulnerable to unwinding after central banks 'flooded the system with liquidity'.


Storm clouds are still threatening the economy as they did a year ago, said Dimon, the chief executive of the largest U.S. lender. And the banking system is under renewed stress after the failure of Silicon Valley Bank and Credit Suisse's rescue by UBS last month.

Banking crises can lead to reduced access to credit, lower consumer confidence, increased unemployment, and decreased economic growth. In addition, they can have a negative impact on the reputation of the financial industry and erode public trust in banks and financial institutions. Banking crises can have significant and long-lasting effects on the economy and society.

Today's Headline in NewsHours
0:00 Intro
3:20 #RBI keeps repo rate unchanged at 6.5%
3:50 Government to appoint agency for fact checking content on online platforms
4:20 #YouTube introduces Podcast tab to the channel pages
4:50 #Exotel launches GPT-4 powered AI chatbot builder
5:24 #Avalon Technologies aims to raise Rs 865 crore through its IPO

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