Silicon Valley Bank Indian Startups

Razorpay swung into action and began working with its banking partners to help ease the stress among startups.

Not a single startup was adversely effected by the "minor crisis", the Union Minister Ashwini Vaishnaw said describing Indian banking sector as resilient and with healthy balancesheet.

Indian startups had deposits worth about $1 billion (roughly Rs. 8,250 crore) with embattled Silicon Valley Bank and the MoS IT Rajeev Chandrasekhar said he had suggested that local banks lend more to them going ahead.

Mr. Garg, whose mother worked as a clerk for the railway's library, said he was able to read books and magazines that ''were out of our reach.''

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.

As Silicon Valley Bridge Bank opened on Monday, some Indian startups were among the first ones to place a withdrawal request.

Apex IT industry body Nasscom on Monday said the US administration's stance on protecting depositors of Silicon Valley Bank that collapsed, is "reassuring" for Indian startups who have funds in that bank.

Two things worrying Indian startups the most after a key lender in the US collapsed on Friday are whether their money is safe and if it can be moved out of the dead bank fast, according to the owner of an Indian firm.

Silicon Valley Bank (SVB) highlights: The Silicon Valley Bank, a key lender to US startups since the 1980s, which collapsed on Friday last, allowed its customers to access their deposits from today.

ndia'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 collapse, as concerns rise about the fallout for the Indian start-up sector. "Start-ups are an important part of the new India economy. I will meet with Indian Startups this week to understand impact on them and...

Union minister Rajeev Chandrasekhar said he will meet Indian startups this week to understand the impact of SVB Financial's collapse on them and how the government can help during the crisis.

The collapse of Silicon Valley Bank, a key lender to US startups since the 1980s, has also affected several startups in India, hitting their daily cash needs and other running expenses. US authorities swooped in and seized the bank's assets.

Razorpay swung into action and began working with its banking partners to help ease the stress among startups.

Not a single startup was adversely effected by the "minor crisis", the Union Minister Ashwini Vaishnaw said describing Indian banking sector as resilient and with healthy balancesheet.

Indian startups had deposits worth about $1 billion (roughly Rs. 8,250 crore) with embattled Silicon Valley Bank and the MoS IT Rajeev Chandrasekhar said he had suggested that local banks lend more to them going ahead.

Mr. Garg, whose mother worked as a clerk for the railway's library, said he was able to read books and magazines that ''were out of our reach.''

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.

As Silicon Valley Bridge Bank opened on Monday, some Indian startups were among the first ones to place a withdrawal request.

Apex IT industry body Nasscom on Monday said the US administration's stance on protecting depositors of Silicon Valley Bank that collapsed, is "reassuring" for Indian startups who have funds in that bank.

Two things worrying Indian startups the most after a key lender in the US collapsed on Friday are whether their money is safe and if it can be moved out of the dead bank fast, according to the owner of an Indian firm.

Silicon Valley Bank (SVB) highlights: The Silicon Valley Bank, a key lender to US startups since the 1980s, which collapsed on Friday last, allowed its customers to access their deposits from today.

ndia'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 collapse, as concerns rise about the fallout for the Indian start-up sector. "Start-ups are an important part of the new India economy. I will meet with Indian Startups this week to understand impact on them and...

Union minister Rajeev Chandrasekhar said he will meet Indian startups this week to understand the impact of SVB Financial's collapse on them and how the government can help during the crisis.

The collapse of Silicon Valley Bank, a key lender to US startups since the 1980s, has also affected several startups in India, hitting their daily cash needs and other running expenses. US authorities swooped in and seized the bank's assets.