In the aftermath of the collapse of Silicon Valley Bank (SVB), a parliamentary panel called top officials from the finance ministry and the Reserve Bank of India (RBI) on April 3 to discuss the impact on the Indian startup ecosystem.
The parliamentary standing committee on finance chaired by BJP leader and former minister of state for finance Jayant Sinha has also called representatives of ‘The Indian Private Equity and Venture Capital Association (IVCA)’ to discuss the “Impact of crisis in certain Global Banks on India’s startup ecosystem,” the notice of the meeting reads.
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