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    Personal Finance: Lessons for Indian deposit holders from SVB’s collapse

    Depositors must not assume inherent safety of bank deposits. Greater vigilance in entrusting deposits and diversifying should mitigate the risk of losing your money

    Lisa Barbora
    March 17, 2023 / 08:52 AM IST
    Personal Finance: Lessons for Indian deposit holders from SVB’s collapse

    SVB is not a new age bank, it’s been around for 40 years. Where it slipped up was in the concentration of large-sized deposits.

    The failure of Silicon Valley Bank, America’s 16th largest by asset size and one that catered to cash rich start-ups and venture funds, is causing tremors across the globe. As the contagion spread, it put into perspective not just risk management practices at banks, it also brings to light the darker side of the digitally enabled world and the quick movement of money from one place to another in a matter of seconds that could put an entire financial system...

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