Home Startup India’s largest lender SBI opened its first-ever startup branch in Bengaluru

India’s largest lender SBI opened its first-ever startup branch in Bengaluru


India’s largest lender SBI on Tuesday opened its first-ever startup branch in Bengaluru, which will be dedicated to funding and supporting early-stage entrepreneurs in setting up new companies. Such a significant measure in building India into a startup ecosystem.

In a statement released on August 16, Dinesh Khara, chairman of SBI, said, “Opening of a branch for startups demonstrates the bank’s dedication and intention in providing all possible assistance to the flourishing start-up market.

State Bank of India (SBI), while inaugurating the ‘SBI Start-Up Branch’ in Koramangala, said the facility is part of a pact between the Karnataka government and SBI to further develop the state’s startup ecosystem.

According to a press release from SBI, Karnataka has been ranked the best state in the country in terms of the startup ecosystem and providing new ways for them to access credit and funding.

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Exclusively for startups

SBI InCube branch is a specialised branch to understand and address your banking needs for setting up a start-up We will provide you with the best suitable solutions in banking transactions and investments on a robust technology platform for your business model.

The exclusive branch for startups will provide services such as loans, deposits, transaction banking, outward and inward remittances, payments, cash management, forex, insurance, custodial services, capital market and legal advisory, structuring, Demat and trading.

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The exclusive startup branch has also entered into a Memorandum of Understanding (MoU) with some Government of Karnataka initiatives like Karnataka Innovation and Tech Society (KITS) and Karnataka Digital Economy Mission (KDEM) to support the entire start-up ecosystem in the state of Karnataka.

SBI Incub Features

  • Experienced relationship managers, who know the exact solutions for your banking needs
  • Comprehensive competitively priced financial products and services
  • Integrated online and mobile banking solutions to save your time & money
  • Solutions that streamline receivables and payables and optimise cash conversion cycle
  • Limited advisory on investments, taxation and forex transactions that help optimise liquidity, capital preservation and return

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