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Indian regulators too were on the edge when similar incidents raised concerns over the health of the financial systems. Below is a brief history on banks that failed

“When liquidity is in abundance, one can afford to risk an assets-liability mismatch and invest in higher yielding long-dated assets. However, when the liquidity dries out the same long-dated assets, whether credit book or treasury bonds, start hurting.”

The Nifty IT index closed 0.94 per cent down at 29267.0.

According to the media reports, American private equity firm Blackstone was looking to sell its complete stake in the company through a block deal on Monday

On Friday, gold gained 2% after California regulators closed tech startup-focused Silicon Valley Bank (SVB). Regulators also shuttered New York-based Signature Bank SBNY.O on Sunday

The equity strategist at ICICI Securities, Vinod Karki, has said that the long-term expected return from the index has been around 12%, and that one can expect only when valuations are normal and not very high. Karki also says that there was a lot of stress in terms of the NPA cycle and some of the industrial companies had a lot of stress in terms of shrinking their profit pool. That has been reversing over the last couple of years.

The total volume in DeFi is currently 6.95 billion, 9.10% of the total crypto market 24-hour volume. The volume of all stablecoins is now $77.73 billion, which is 101.82% of the total crypto market 24-hour volume.

Stating that an underrated skill set for running a business is being pessimistic, he said one should consider everything a risk and do everything they can to mitigate it. "Every business will be exposed to a black swan event at some point; the idea is to survive those," Kamath said

The Relative Strength Index of the stock stood at 53.19 on Monday.

A total of 45,309 shares changed hands on the counter till 02:14PM (IST)