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SBI’s fourth startup branch opens in Mumbai BKC

SBI opened its fourth branch exclusively for startups in Mumbai’s BKC area. At the inaugural event, SBI Chairman Dinesh Khara stated that the branch’s key objective is to offer comprehensive assistance to startups throughout their journey, from establishing their business entity to conducting IPOs and FPOs.

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State Bank of India on Twitter: "Shri Dinesh Khara, Chairman, #SBI inaugurated Bank's 4th specialised branch for Startups in Mumbai's Bandra Kurla Complex. The Branch will provide all kinds of financial services

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SBI’s fourth startup branch:

In addition to providing standard banking services to startups, the branch will also serve as a comprehensive resource for investment banking, treasury/forex, advisory, and other supplementary financial services offered by the bank’s subsidiaries, according to him. Reports suggest that SBI plans to cater not only to startups but also to the needs of private equity (PE), venture capital (VC), and alternative investment funds (AIFs).

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State Bank of India introduced its first dedicated branch to support start-ups