New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    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?
    A Bank of Maharashtra Correct Answer Incorrect Answer
    B Indian Overseas Bank Correct Answer Incorrect Answer
    C State Bank of India Correct Answer Incorrect Answer
    D UCO Bank 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).

    Practice Next

    Relevant for Exams: