The recent failure of Silicon Valley Bank (SVB) has created instability in the Indian startup talent market because these companies had deposited around $1 billion with SVB. Despite having $209 billion in assets at the end of 2022, regulators shut down SVB on March 10 due to a run on the bank. Despite this, HR and staffing organizations in India are confident that the talent market will be unaffected by the SVB problem.
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