Letter # 118

It is an uncharacteristically strong statement to make, but I am unequivocally convinced: SVB-like situation cannot happen in India.

We write in ET how bank balance sheets in India are quantitatively different, and how regulation is not just stronger, but well adhered to. We end by sharing calculations that would allay market fears and banks will likely confirm the same during their respective conference calls.

It’s time to increase exposure to banking.

Read here: https://tinyurl.com/4s9eab46

If you have missed any of our previous articles, we invite you to peruse them on our website: https://www.buoyantcap.com/news-resources/memos/

Disclaimer:

Information in this letter is not intended to be, nor should it be construed as investment, tax or legal advice, or an offer to sell, or a solicitation of any offer to make investments with Buoyant Capital. Prospective investors should rely solely on the Disclosure Document filed with SEBI. Any description involving investment examples, statistical analysis or investment strategies is provided for illustration purposes only – and will not apply in all situations and may be changed at the discretion of the principal officer. Certain information has been provided and/or based on third-party sources and although believed to be reliable, has not been independently verified; the investment managers make no express warranty as to its completeness or accuracy, nor can it accept responsibility for errors appearing herein.