Silicon Valley Bank Fallout: Impact On Indian Game Developer Nazara

Shares of SVB-exposed companies traded mixed across Asia on Monday, while bank shares slid to the lowest level in more than two months.

Some Asian technology firms have disclosed cash deposits at troubled US lender Silicon Valley Bank, known for its deep ties with the sector, with most emphasizing the amounts were immaterial to their operations.

At least a dozen Hong Kong firms, mainly involved in biotechnology, listed SVB as their banker in exchange filings, according to activist investor and founder of Webb-site.com David Webb. That puts hundreds of millions dollars at risk for these small-cap firms, of which many are in their early stages of operation and unprofitable.

Elsewhere, Japan's SoftBank Group Corp. is seen as potentially one of the most exposed firms to the ongoing crisis given its huge investments in technology. The conglomerate has an undisclosed stake in OakNorth Bank Plc, which is in talks to buy the UK arm of SVB. Chinese state-owned lender Shanghai Pudong Development Bank Co. could also be affected as it has a venture with SVB.

In an effort to strengthen confidence in the banking system after SVB's fallout spurred concerns about contagion risks, US authorities said Sunday that all depositors will be made whole.