India’s SVC Bank Clarifies Its Business is Safe as Some Confuse it With Collapsed SVB

India’s SVC Bank Clarifies Its Business is Safe as Some Confuse it With Collapsed SVB

India’s 116-year-old SVC bank was compelled to issue an official clarification regarding the status of its business after confused customers mistook it for US’ recently shuttered SVB — Silicon Valley Bank. The similarity in the acronyms of their names may have led to the confusion. Putting the minds of its…