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Nirmala Sitharaman to hold a meeting with the banks of public sectors.
Central Finance Minister is said to hold a meeting with the heads of the Public Sectors Banks (PSBs) to take a report on the performance due to the failure of a few banks in the US and facing liquidity crisis.
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Impact on Indian Banks:
According to reports, the UK government is taking swift action to mitigate the impact of the Silicon Valley Bank's collapse. The British finance minister, Jeremy Hunt, has confirmed he is collaborating with Prime Minister Rishi Sunak and Bank of England Governor Andrew Bailey to alleviate any potential negative consequences from the turmoil affecting the UK branch of Silicon Valley Bank. Reuters has documented Hunt's statement. Holding a meeting on such a topic depicts how India is serious about every global matter which might affect our economy. India is the largest democracy in the world, and even small events can greatly impact us and the world. Also Read: President Joe Biden Visits to El-Paso, Texas: Will it Change the Future of Migrants/stackumbrella/media/media_files/wp-content/uploads/2023/03/Untitled-design-74.png)
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