SVB crisis: IBA panel meet next week may discuss strategy to back start-ups

Banks need a multi-pronged strategy to boost presence in start-up ecosystem following SVB's collapse, say experts

The top panel of the Indian Banks’ Association (IBA) next week may discuss a mechanism to support the start-up ecosystem in the country and cash in on the opportunity in disguise following the collapse of the California-based Silicon Valley Bank (SVB), people aware of the development said. 

Indian banks, especially public sector banks, have little penetration in the start-up ecosystem. They need to work on risk management, talent development, and funding pool to service start-up clients and increase their presence in this space for a meaningful business, according to bankers.

Discussions at the IBA are likely to focus on industry-level