KOCHI:
The country’s largest lender, the State Bank of India, inaugurated its fourth startup branch in Mumbai to provide all the necessary banking services to startups under one roof. Dinesh Khara, Chairman, SBI, inaugurated the branch at Bandra Kurla Complex in Mumbai.
Leveraging its locational advantage, the startup branch in Mumbai has already entered into MoU with the Society for Innovation & Entrepreneurship (SINE) at IIT-Bombay, Centre for Incubation and Business Acceleration (CIBA), and S.P Jain Institute of Management & Research (SPJIMR).
For a city that houses the second largest unicorns in the country and a vast number of startups, the branch will provide expedient services to all of them to support the growth and transformation of the startups in India.
Speaking on the occasion, SBI Chairman Dinesh Khara said, “The primary aim of this branch is to provide end-to-end support to startups at every stage of their journey, starting from the formation of the entity to their IPOs and FPOs. Apart from regular banking services to startups, the branch will also act as a one-stop shop to provide investment banking, treasury/forex, advisory, and other ancillary financial services through the bank’s subsidiaries”.
Besides startups, the bank also intends to cater to the requirements of private equity (PE), venture capital (VC), and Alternative Investment Funds (AIFs).
more recommended stories
Genrobotics Wins NASSCOM Emerge 50 Award for G Gaiter AI-based Robotic Gait TrainerBENGALURU:Genrobotics, a leader in advanced robotics.
Samsung Expands Its Galaxy Wearables Ecosystem in IndiaKOCHI:Samsung, India’s largest consumer electronics brand,.
Club Mahindra Launch’s ‘Club Mahindra Bharatpur’ in RajasthanMUMBAI:Club Mahindra, the flagship brand of.
India’s First Quantitative Framework for Online Real Money Games LaunchedKOCHI:India’s first comprehensive approach to classify.
HFCL Unveils Two Innovative UBR SolutionsNEW DELHI:HFCL Limited (HFCL), a leading.
Samsung Led the First Wave of India’s Festive Season Sale in 2024KOCHI:Smartphone sales grew 11% year-over-year in.
Kerala IT Hogs Limelight in India Startup Confluence at GITEX Global 2024THIRUVANANTHAPURAM:The innovative solutions and products by.
Mia by Tanishq Unveils Retro Glamour with the ‘Mia Disco’ CollectionKOCHI:As the festive season approaches, Mia.
Mahindra Finance Collaborates with Salesforce to Digitize MSME LendingMUMBAI:Mahindra Finance, part of the Mahindra.
Nearly 2 in 3 Accountants Say Ethical Dilemmas Have Become HarderMUMBAI:A report from the world’s leading.