Question
Which bank has opened its fourth branch for start-ups in
Mumbai to provide end-to-end support at every stage of their journey, starting from the formation of the entity till their IPOs and FPOs?Solution
State Bank of India (SBI) has set up a specialised branch for start-ups to provide end-to-end support at every stage of their journey, starting from the formation of the entity till their IPOs and FPOs. Apart from regular banking services to start-ups, 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. This is the fourth specialised branch of the bank been set up in Mumbai. Besides start-ups, the bank would also cater to the requirements of private equity (PE), venture capital (VC) and Alternative Investment Funds (AIFs).
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