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Mumbai (Maharashtra) [India], April 25 (ANI): The State Bank of India (SBI) inaugurated its fourth startup-focused branch in Mumbai to provide all the necessary banking services under one roof..
The startup-focused branch in Mumbai has already entered into an MoU with the Society for Innovation and Entrepreneurship (SINE) at IIT-Bombay, Centre for Incubation and Business Acceleration (CIBA), and SP Jain Institute of Management and Research (SPJIMR)...
For a city that houses the second largest unicorns in the country and a vast number of startups, SBI said the branch would provide services to them to support the growth and transformation of the startup ecosystem in India...
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, chairman Khara said.. 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 banks subsidiaries, Khara added...
