Banking sector funds have lost around 9% in this year till date. These sector funds lost around 5% in the last one week. Banking sector has been facing troubles since the Silicon Valley Bank crisis started in the US. Credit Suisse, a Swiss bank, is raising money to deal with liquidity concerns. Concerns about the health of the banking industry are changing the complexion of the markets abroad.
India will be superpower by 2047, but not high-income economy: Martin Wolf
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