What to buy in a falling market? Deepak Shenoy answers

The current crisis is probably going to be over in a week if things are allowed to recover where they are. The other point is contagion. What has happened in the US is to relatively smaller banks, although Silicon Valley Bank is bigger than HDFC Bank, but it is a small bank in comparison to other US banks. The European economies and banking system are more leveraged with far worse quality of assets and way lower governance standards than most US banks.