Asset-liability mismatches are starting to become apparent and the canary in the coal mine looks like the Blackstone () B-REIT situation (where Blackstone began to limit redemptions from its real estate trust after withdrawal requests spiked).

Source: https://seekingalpha.com/article/4579778-vgi-partners-investor-letter-full-year-2022?source=feed_all_articles

Sabnavis added that the government also has a number of redemptions lined up which add to the pressure on the market and thus, will require intervention and fine-tuning by the RBI, and more monetary actions to ensure smooth yield movement.

Source: https://www.thehindubusinessline.com/economy/fm-should-copy-baahubali-and-simultaneously-fire-three-arrows-nilesh-shah/article66413613.ece

The imbalance between these investments helped to trigger these redemptions.

Source: https://seekingalpha.com/article/4581721-big-fat-yield-but-worth-the-risk-hfro?source=feed_all_articles

The implied equity value of the combined company will be between approximately USD $305 million and USD $586 million depending on the level of redemptions.

Source: https://www.marketscreener.com/quote/stock/NABORS-ENERGY-TRANSITION-131481474/news/Nabors-Energy-Transition-Business-Combination-Agreement-Form-8-K-42982763/?utm_medium=RSS&utm_content=20230214

To fund the redemptions, the bank sold on Wednesday a $21bn bond portfolio consisting mostly of US Treasuries.

Source: https://www.aljazeera.com/economy/2023/3/10/silicon-valley-bank-seized-by-fdic-as-depositors-pull-cash