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.
Depositors pulled out as much as $42 billion on a single day, rendering it insolvent. The US government eventually stepped in to ensure that depositors had access to all their funds. Source -NDTV
17 Apr 12:27 PM
Diesel Price had declined across the country after over a month on Wednesday. However, the petrol prices have remained unchanged for Read more
17 Apr 12:27 PM
Diesel Price had declined across the country after over a month on Wednesday. However, the petrol prices have remained unchanged for Read more
reports
We will suggest you loops to join based on your interests.
of {News }
Duplicate account detected, accounts auto merged. Any issues please feel free to contact support.
Insufficient balance. Please click here to top up wallet.
Current balance: $ 0
17 Apr 12:27 PM
Don't have an account? Register
Mobile not accessible? Login with email
Email not accessible? Login with SMS
OR
Complete your verification tick to access core functionalities of the site.
Complete your verification tick to access core functionalities of the site.