State Bank of India (SBI) has opened an exclusive branch for startups at the Bandra Kurla Complex in Which City?

Varanasi

Hyderabad

Ahmedabad

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

Recent Updates in Banking - General Knowledge Questions

Q .

Which bank appointed Amitava Chatterjee as its new MD & CEO, effective December 30, 2024?

Axis Bank

J&K Bank

State Bank of India

Punjab National Bank

Correct Answer : J&K Bank

* Amitava Chatterjee, previously serving as Deputy Managing Director at State Bank of India, has been appointed as the new Managing Director and Chief Executive Officer of J&K Bank.

* He will succeed Baldev Prakash, whose term concludes on December 29, 2024. Chatterjee's tenure as MD & CEO will span three years, beginning December 30, 2024.

Published On : December 27, 2024

Category : Banking

Q .

Which bank partnered with Tata Power Renewable Energy to provide financing for rooftop solar installations under the PM Surya Ghar Scheme?

SBI

HDFC Bank

Bank of Baroda

Canara Bank

Correct Answer : Canara Bank

* Tata Power Renewable Energy has partnered with Canara Bank to offer affordable loans for rooftop solar installations as part of the PM Surya Ghar Scheme.

* This initiative provides financing options with favorable terms, including low-interest rates and long repayment periods, for systems ranging from up to 3 kW to 10 kW capacity.

* The collaboration aims to promote clean energy adoption, supporting India’s renewable energy targets and enabling residential customers to transition to sustainable energy solutions.

Published On : December 22, 2024

Category : Banking

Q .

Which bank collaborated with Times Internet to launch the 'Times Black Credit Card'?

ICICI Bank

Axis Bank

SBI Bank

HDFC Bank

Correct Answer : ICICI Bank

* ICICI Bank partnered with Times Internet to introduce the ‘Times Black ICICI Bank Credit Card,’ a super-premium co-branded card targeting high-net-worth individuals (HNIs) in India.

* Designed with a unique metallic finish, it incorporates exclusive benefits such as global lounge access, concierge services, and a rewards program, catering to the luxurious lifestyle of affluent customers.

Published On : December 22, 2024

Category : Banking