New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    State Bank of India (SBI) launched its third specialized

    branch for startups at ____ to provide all banking services required by them under one roof.
    A Chandigarh Correct Answer Incorrect Answer
    B Gurugram Correct Answer Incorrect Answer
    C Mumbai Correct Answer Incorrect Answer
    D Delhi Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    State Bank of India (SBI) launched its third specialised branch for startups at Gurugram To provide all banking services required by them under one roof. 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 till their IPOs and FPOs.      Apart from regular banking services to startups, the branch will also act as a one stop shop in providing 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).

    Practice Next

    Relevant for Exams: