India tech minister plans to meet startups on SVB fallout
India's state minister for technology said on Sunday he will meet start-ups this week to assess the impact on them of Silicon Valley Bank's (SIVB.O) collapse, as concerns rise about the fallout for the Indian start-up sector.
California banking regulators shut down Silicon Valley Bank (SVB) on Friday after a run on the lender, which had $209 billion in assets at the end of 2022, with depositors pulling out as much as $42 billion on a single day, rendering it insolvent.
