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Banking - General Knowledge Questions
State Bank of India (SBI) has opened an exclusive branch for startups at the Bandra Kurla Complex in Which City?
A)
Varanasi
B)
Hyderabad
C)
Ahmedabad
D)
Mumbai

Correct Answer :   Mumbai

The State Bank of India (SBI), the country's largest lender, has opened an exclusive branch for startups at the Bandra Kurla Complex in Mumbai.

This is the fourth startup-focused branch and the first in Mumbai after Bengaluru, Chennai and Gurugram.

In Mumbai, the bank has entered into multiple memoranda of understanding with the Society for Innovation & Entrepreneurship (SINE) at IIT-Bombay, Centre for Incubation and Business Acceleration (CIBA), and S.P Jain Institute of Management & Research (SPJIMR).

The MoUs are aimed at providing a boost to the startup ecosystem in the region. "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," said SBI chairman Dinesh Khara...

Source : Times of India

Published On : April 26, 2023
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