The Federal Deposit Insurance Corporation and the Federal Reserve are planning to create a fund so that other banks are not affected by the SVL crisis.

The Silicon Valley Bank (SVB) crisis has put the US government in trouble. The Federal Deposit Insurance Corporation and the Federal Reserve are planning to create a fund so that other banks are not affected by this crisis.

Knowledgeable people in this matter say that the regulatory (regulators) have discussed with the banking officials to find a way to deal with it. Hopefully any such move will help prevent panic among people. These measures are being taken to control the SVB crisis as quickly as possible. Due to this crisis, many Indian startups are facing financial crisis.

Many Indian startups are also in trouble due to SVB crisis
Many Indian startups are also facing problems due to the Silicon Valley Bank (SVB) crisis. The US government has put a moratorium on SVB transactions till March 13. In such a situation, the money of Indian startups who have accounts in SVB is stuck.

According to a person with knowledge of the matter, SVB has ‘Y Combinator’ backed accounts of around 60 Indian startups. Out of this, there are 40 startups that have deposits of Rs 2 crore ($2.5 lakh) to Rs 8 crore ($10 lakh) in the bank. At the same time, more than 8 crore rupees ($ 1 million) are deposited in the accounts of 60 startups.

SVB money is also invested in many startups of India
The impact of this crisis can also be seen on Indian investors and Indian startups. Silicon Valley Bank has invested in many Indian startups. In such a situation, now these startups can fall due to the bank getting into trouble. SVB has investments in startups such as Naaptool, CarWale, Shaadi.com, InMobi and Bluestone.

Paytm has already returned SVB money
After the Silicon Valley Bank (SVB) crisis, there were discussions in many places that SVB is still invested in Paytm, Paytm founder Vijay Shekhar Sharma wrote on Twitter that Silicon Valley Bank had withdrawn the investment made in Paytm long ago. . The bank sold its stake to other private investors. Silicon Valley Bank had invested a total of $ 1.7 million (about Rs 13.93 crore) in Paytm.

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