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      Question

      ________ has set up a specialized 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 and its 4th branch has been set up in Mumbai.
      A Canara Bank Correct Answer Incorrect Answer
      B State Bank of India Correct Answer Incorrect Answer
      C Punjab National Bank Correct Answer Incorrect Answer
      D Union Bank of India Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      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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