$212bn Tech-Lender Silicon Valley Bank Collapse

Silicon Valley Bank collapse and how it impacted Indian startups: all the top stories

It took just a few days for Silicon Valley Bank from being one of the most sought-after financial institutions among startup founders and the tech community to bring shut down by US regulators.

The crisis impacted Indian startups like cross-border SaaS firms and Y Combinator’s portfolio firms.

Startups on the lookout for ways to move funds from SVB

Startups with funds in SVB are finalizing ways to transfer their money elsewhere, even as US regulators made the accounts at the now-shut bank accessible to depositors.

While some of them opened accounts at bank branches at the International Financial Services Centre in Gujarat’s Gift City as such banks allow customers to open foreign currency accounts for international transactions others were exploring trans ..

Read more at:
https://economictimes.indiatimes.com/tech/startups/silicon-valley-bank-collapse-and-how-it-impacted-indian-startups-all-the-top-stories/articleshow/98773942.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Read more at:
https://economictimes.indiatimes.com/tech/startups/silicon-valley-bank-collapse-and-how-it-impacted-indian-startups-all-the-top-stories/articleshow/98773942.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Developer $212bn Tech-Lender Silicon Valley Bank Collapse

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