According to economists, the second half of this fiscal year will likely see a continued lack of liquidity in India's banking system as loan growth and currency note circulation increase.

Analysts predict India’s banking system’s liquidity to stay in deficit for the second half: Report

The Pakistani government is facing severe financial challenges as it has been unable to pay salaries to its diplomatic staff stationed at select missions for the past three months due to a severe dollar liquidity crisis, according to a report by the Times of India.

Pakistani diplomatic staff go unpaid for months amid dollar liquidity crunch 

US regulators have taken control over the Silicon Valley Bank (SVB) after it was shut down, marking the largest retail bank failure since the 2008 financial crisis.

Silicon Valley Bank shuts down amidst liquidity crisis, regulator seizes assets; global markets tank

According to Fitch Arm, India’s economy is projected to contract 11.8% on the year in the current fiscal year beginning from April.

Indian economy projected to contract 11.8% in FY 21: Fitch Arm

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