Credit Suisse More Relevant in India Than SVB, Jefferies Says
- Analysts to Monitor Any Liquidity Issues, Counter-Party Risks
- Jefferies Forecasts a “Softer Impact on Banking in India.”
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The fate of European lender Credit Suisse Group AG is of greater importance to the Indian banking sector than the collapse of Silicon Valley Bank, according to Jefferies India.
“Given the relevance of Credit Suisse to India’s banking sector, we see softer adjustments in assessment of counter-party risks, especially in the derivative market,” analyst Prakhar Sharma writes in a note.