{"id":131984,"date":"2023-03-28T08:37:21","date_gmt":"2023-03-28T08:37:21","guid":{"rendered":"https:\/\/fin2me.com\/?p=131984"},"modified":"2023-03-28T08:37:21","modified_gmt":"2023-03-28T08:37:21","slug":"us-banking-turmoil-adrs-of-domestic-banks-impacted","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/us-banking-turmoil-adrs-of-domestic-banks-impacted\/","title":{"rendered":"US banking turmoil: ADRs of Domestic Banks Impacted"},"content":{"rendered":"

Analysts say domestic banks’ dependence on local depositors insulates them from the crisis.<\/strong><\/p>\n

The US banking turmoil has impacted the prices of American Depository Receipts (ADRs) for domestic banks.<\/p>\n

In the case of HDFC Bank, the ADR premium has shrunk by nearly 5 percentage points, from 16.5 per cent during the start of the month to less than 12 per cent, at present.<\/p>\n

Meanwhile, the discount in case of Axis Bank, State Bank of India (SBI) and ICICI Bank has widened.<\/p>\n

For instance, ICICI Bank ADRs were available about a per cent cheaper compared to its domestically listed shares.<\/p>\n

Now the discount has widened to more than 2 per cent.<\/p>\n

In other words, the sell-off — triggered by the collapse of Silicon Valley Bank (SVB) — has been more severe in the US than in India.<\/p>\n

Over the past one week, most banking stocks, globally, have seen selling pressure on fears of contagion and risks for mark-to-market losses to their bond portfolios amid rising rates in the US.<\/p>\n

Analysts say domestic banks’ dependence on local depositors insulates them from the crisis.<\/p>\n

Interestingly, in the global banks’ market capitalisation ranking, the position of domestic banks has climbed.<\/p>\n

For instance, SBI is now the 26th most valuable lender globally, up from 30th during the start of the month.<\/p>\n

The ranking for HDFC Bank, India’s most valuable bank, however, has remained unchanged at 13.<\/p>\n

<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts say domestic banks’ dependence on local depositors insulates them from the crisis. The US banking turmoil has impacted the prices of American Depository Receipts […]<\/p>\n","protected":false},"author":3,"featured_media":131983,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nUS banking turmoil: ADRs of Domestic Banks Impacted - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/us-banking-turmoil-adrs-of-domestic-banks-impacted\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US banking turmoil: ADRs of Domestic Banks Impacted - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Analysts say domestic banks’ dependence on local depositors insulates them from the crisis. The US banking turmoil has impacted the prices of American Depository Receipts [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/us-banking-turmoil-adrs-of-domestic-banks-impacted\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-28T08:37:21+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2023\/03\/US-banking-turmoil-ADRs-of-Domestic-Banks-Impacted.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/us-banking-turmoil-adrs-of-domestic-banks-impacted\/\",\"url\":\"https:\/\/fin2me.com\/business\/us-banking-turmoil-adrs-of-domestic-banks-impacted\/\",\"name\":\"US banking turmoil: ADRs of Domestic Banks Impacted - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2023-03-28T08:37:21+00:00\",\"dateModified\":\"2023-03-28T08:37:21+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/business\/us-banking-turmoil-adrs-of-domestic-banks-impacted\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/business\/us-banking-turmoil-adrs-of-domestic-banks-impacted\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/business\/us-banking-turmoil-adrs-of-domestic-banks-impacted\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/fin2me.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"US banking turmoil: ADRs of Domestic Banks Impacted\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"US banking turmoil: ADRs of Domestic Banks Impacted - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/business\/us-banking-turmoil-adrs-of-domestic-banks-impacted\/","og_locale":"en_US","og_type":"article","og_title":"US banking turmoil: ADRs of Domestic Banks Impacted - Fin2me","og_description":"Analysts say domestic banks’ dependence on local depositors insulates them from the crisis. The US banking turmoil has impacted the prices of American Depository Receipts [...]","og_url":"https:\/\/fin2me.com\/business\/us-banking-turmoil-adrs-of-domestic-banks-impacted\/","og_site_name":"Fin2me","article_published_time":"2023-03-28T08:37:21+00:00","author":"Mark","twitter_card":"summary_large_image","twitter_image":"https:\/\/fin2me.com\/wp-content\/uploads\/2023\/03\/US-banking-turmoil-ADRs-of-Domestic-Banks-Impacted.jpg","twitter_misc":{"Written by":"Mark","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/business\/us-banking-turmoil-adrs-of-domestic-banks-impacted\/","url":"https:\/\/fin2me.com\/business\/us-banking-turmoil-adrs-of-domestic-banks-impacted\/","name":"US banking turmoil: ADRs of Domestic Banks Impacted - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2023-03-28T08:37:21+00:00","dateModified":"2023-03-28T08:37:21+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/business\/us-banking-turmoil-adrs-of-domestic-banks-impacted\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/business\/us-banking-turmoil-adrs-of-domestic-banks-impacted\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/business\/us-banking-turmoil-adrs-of-domestic-banks-impacted\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/fin2me.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"US banking turmoil: ADRs of Domestic Banks Impacted"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/131984"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=131984"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/131984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media\/131983"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=131984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=131984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=131984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}