In this episode, Neel Parmar is with the story behind the events that made the most important international news headlines. Today he probes the following -
The big financial institutions in America are in trouble. Last month, the world was left in shock by the news of the sinking of America's two of the biggest banks, i.e., 'Silicon Valley Bank' and 'Signature Bank'. Along with them, America's 'First Republic Bank' also collapsed. After this, the news of the banking crisis came from Europe as well. Here, Credit Suisse, a major bank in Switzerland, collapsed. This news was hard to believe as Swiss banking is considered the hallmark of financial soundness. It came as a surprise for many countries outside Europe as well. However, in the ruins were a series of scandals, a change in management, and significant losses. Apart from this, other banks of the world are also under stress. Long story short, the global banking sector is in a state of turmoil right now. Its tremors are being felt from America to Europe. Because of this, there is increasing concern about its effect in other countries including India.

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