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SVB resolution reassuring, will bring relief to startups: Ashwini Vaishnaw

Amid US administration's move to protect depositors of Silicon Valley Bank, IT Minister Ashwini Vaishnaw on Monday said that the SVB resolution is "reassuring" and will bring relief to startups

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Amid US administration's move to protect depositors of Silicon Valley Bank, IT Minister Ashwini Vaishnaw on Monday said that the SVB resolution is "reassuring" and will bring relief to startups.

The Biden administration has announced that depositors of the failed Silicon Valley Bank will have access to their money from Monday.