 "SVB, Silicon valley bank")
Indian start-ups with US exposure are caught up in a maelstrom of chaos as Silicon Valley Bank (SVB) was shut down by US regulators. According to industry players, the immediate issue that many start-ups need to tackle is payroll payment, which has to start from Monday (March 13) in the US.
Start-ups are struggling to move money out of the bank. With regulators shutting down operations, they will have to wait until Monday.
Abhay Singhal, co-founder, InMobi Group, who resides in Palo Alto, says SVB is an important bank in the San Francisco Bay Area. He says SVB made banking
