The Silicon Valley Bank crisis has impacted the banking, tech, and startup sector. The collapse had a cascading effect on India’s tech startup ecosystem. Watch this Business Today Visual Story to know what Indian startups and VCs have learnt from SVB fallout.
BT MPW 2022: During a conversation with Rahul Kanwal, Executive Director, Business Today, Harvard Business School (HBS) Prof. Tarun Khanna said that there is a need to regulate Artificial Intelligence. They also talked about the impact of Silicon Valley Bank (SVB) crash on the Indian banking system, gender equality at workplaces and more. Watch this Business Today Visual Story for key highlights from Business Today - Most Powerful Women 2022 event.
India was relatively insulated in 2008 but it did not escape the global fallout that followed. Any big crisis in the west is bound to reach India via a general decline in growth impulses.
Days after its the collapse and subsequent seizure of Silicon Valley Bank, its parent SVB Financial Group, has now filed for bankruptcy protection. SVB is the biggest bank to fail in over a decade, and the developments have prompted concern among its long-established customer base of tech startups.