Categories: Banking

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

The country’s largest lender, State Bank of India (SBI) has launched its first branch dedicated to start-ups in Koramangala, Bengaluru. SBI Chairman Dinesh Khara launched the branch in Koramangala near HSR Layout and Indiranagar which are the biggest start-up hubs in the city. After Bengaluru, the next branch will be opened in Gurgaon and the third one will be in Hyderabad. These branches would support the needs of the entire start-up ecosystem.

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Key points:

The branch will provide services ranging from the stage of formation of start-ups to Initial Public Offerings and Follow-on Public Offerings.
Apart from providing funding and regular banking service to start-ups, SBI will also support such players through associated services such as investment banking, treasury operations, advisory and other ancillary financial services through its subsidiaries.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.