Silicon Valley Bank collapse causes shockwaves across world; will it impact Indian startup ecosystem too? - Shahpur Turk CSC - Common Service Centre in Sonipat Silicon Valley Bank collapse causes shockwaves across world; will it impact Indian startup ecosystem too?

14 March 2023

Silicon Valley Bank collapse causes shockwaves across world; will it impact Indian startup ecosystem too?

Silicon Valley Bank collapse: The sudden collapse of Silicon Valley Bank (SVB) in the United States has caused shockwaves around the world. California-based Silicon Valley Bank, the 16th largest bank in the US, was closed on Friday (March 10) by the California Department of Financial Protection and Innovation which later appointed the Federal Deposit Insurance Corporation (FDIC) as its receiver.

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