A little-known Indian bank moved to assure depositors their money is safe after the collapse of Silicon Valley Bank (SVB) in California caused confusion and concern due to a similarity in names. Over the weekend, India's SVC Co-operative Bank (SVC Bank), issued a statement and sent text messages in English and local Marathi language to its customers in Mumbai saying it has no relation to the U.S. lender.source https://economictimes.indiatimes.com/industry/banking/finance/banking/no-relation-to-svb-indias-svc-bank-acts-to-calm-depositors-amid-brand-name-confusion/articleshow/98604936.cms
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