India's state minister for technology, Rajeev Chandrashekhar, said that Indian startups have deposits of about $1 billion in SVB.
Indian startups had deposits worth about $1 billion with embattled Silicon Valley Bank and the country's deputy IT minister said he had suggested that local banks lend more to them going ahead.
California banking regulators shut down Silicon Valley Bank (SVB) on March 10 after a run on the lender, which had $209 billion in assets at the end of 2022.
Deposito...
