Innoven Capital India, which was previously called Silicon Valley Bank India, is run separately and independently of Silicon Valley Bank, and has no exposure to the Santa Clara-based bank that went under last week.
Temasek Holdings acquired SVB India back in 2015 for around US$45 million.
The renamed entity, Innoven Capital India, is part of the Innoven Capital Group, which is a joint venture between Seviora, a wholly owned Temasek subsidiary, and United Overseas Bank.
"Innoven Capital has no exposure to SVB and is not impacted by the SVB collapse," states Innoven Capital, which focuses on venture debt.
SVB suffered a bank run after its depositors, largely made up of Silicon Valley startups, started withdrawing.
US president Joe Biden has maintained that the US government will do "whatever needed" to stem the possible banking system contagion.
