SVB crisis: Govt to look at ways to facilitate transfer of deposits to Indian banks, says Chandrasekhar2 min read . Updated: 14 Mar 2023, 09:27 PM IST
- Chandrasekhar said that for those startups whose deposits were going to be made whole, but have no access to it currently, the government will explore the option of whether any credit lines can be made available in US dollar or Indian rupees
NEW DELHI : Electronics and information technology minister for state Rajeev Chandrasekhar suggested that start-ups could explore ways to tap into the Indian banking system for funding without changing their business models, during his interaction with over 450 startups amid the collapse of Silicon Valley Bank.
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