SBI creates a dedicated Rs 200 crore fund for startups

The State Bank of India (SBI), which is popularly known as the country’s largest public sector lender, has announced a fund especially dedicated to IT innovations and startups. The SBI has set aside Rs 200 crore in the fund for investment in Indian startups that are promising and have huge potential to be successful someday.


The SBI would be providing a sum of maximum Rs. 3 crore for any company which is registered in India for the purpose of promoting their business in the country by making use of information technology (IT) for banking. In addition to the money, the startups would also be provided with legal assistance as and when they require.


So let’s do:


1. Name the bank, which has announced a fund especially dedicated to IT innovations and startups?

Source – The Hindu


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