“We feel that SVB’s slide into the abyss isn’t quite a Lehman moment but a warning sign that we have trouble in the banking system, built up through the years of free-spending, i.e., money printing at the Federal Reserve,” says Arpit Shah, Co-Founder & Director at Care Portfolio Managers Private Limited.
In an interview with ETMarkets, Arpit Shah at Care PMS, with 15 years of experience in Capital Markets, which manages Rs 500 Cr of AUM through its 2 strategies, said: “During Lehman crisis, interbank lending had dried up as the assets they were holding had witnessed huge loss in value”
Read more on Economic Times.
