In a tweet, a 116-year-old Mumbai bank called SVC Bank, which was in trouble after SVB's collapse clarified that it had no relation to SVB.
The repercussions of the downfall of Silicon Valley Bank (SVB), the largest retail banking collapse since the global financial crisis, have set off a chain reaction of consequences that are still being fully comprehended. Surprisingly, a 116-year-old cooperative bank located in Mumbai has also been affected by the sudden demise of this American bank. The...
