Shares of an Indian tech company fall after revealing a link to Silicon Valley Bank.

As regulators scrambled to limit the fallout from the demise of Silicon Valley Bank, the fortunes of a mobile games company in India showed the lender’s global reach.

Shares of the company, Nazara Technologies, fell 6.5% on Monday after the company said two of its subsidiaries had accounts with Silicon Valley Bank, which collapsed on Friday. The two units together had more than $7.7 million in balances in the failing bank.

Indian officials, like their counterparts elsewhere in the world, have tried to calm investors about any potential contagion in the country’s banking sector. They also said they were meeting with representatives of the Indian startup community in the coming days to understand the impact on them.

For Nazara, “the situation with SVB remains fluid,” it said in a statement, but stressed that the operations of its subsidiaries had not been affected by the bankruptcy of the American bank. The company, whose portfolio includes games based on Chhota Bheem, a mythological character from a popular children’s cartoon, said it has enough funds. The stock had recovered most of its losses by late afternoon in Mumbai.

The regulatory response in the United States had also allayed the concerns of some investors and bank customers.One such client was Ruchit Garg, who runs Harvesting Farmer Network, an agricultural technology platform, which had deposits at Silicon Valley Bank. Mr Garg said he was relieved that his company’s deposits were guaranteed by US regulators.

Apart from a few start-ups, Mr. Garg said, the bank’s collapse is unlikely to have a severe impact on India’s economy. The local stock market may suffer temporarily, he said, adding, “It makes people nervous and the market is all about emotions.”

India’s main stock indexes, the Sensex and the Nifty 50, each fell more than 1.5% on Monday afternoon.