India's First STARTUP-Dedicated Bank Branch Launched in Bangalore | 'SBI InCube' @ St. Mark's Road

anquest

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Thursday, January 14, 2016:

'SBI InCube' inaugurated by SBI Chairperson, Arundhati Bhattacharya

Business-Standard.com >>

"The bank envisions that its InCube branches will be a one-stop shop for the financial service requirements of startups in the country."

'State Bank of India' Chairperson, Arundhati Bhattacharya >>

The InCube model has been built taking advice and feedback from senior technology experts such as Mohandas Pai, Nandan Nilekani and iSPIRT [...]

No Separate Advisory Fee:

“Whatever we are going to do for them (start-ups) there isn't going to be a separate advisory fee. We have to look at how best the accounts they maintain with us can be made profitable through whatever are the schemes that already exist”...

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business-standard.com/article/finance/sbi-opens-first-dedicated-banking-branch-for-startups-116011400431_1.html excerpts:

SBI opens first dedicated banking branch for startups

[...]

Bengaluru Jan 14, 2016 Last Updated 14:08 IST

The country's largest public sector bank, State Bank of India (SBI), has opened its first branch dedicated to serving startup companies in Bengaluru [...]

The bank has opened its first InCube branch in Bengaluru since the city is the hub for startups in the country.

It also plans to open centers in Pune and Delhi-NCR in the coming months, but will limit opening them only in cities that have a large presence of startups.

[...]

Apart from serving a startup's financial services requirements, SBI will also provide mentorship through technology experts. It has also tied up with third parties to provide taxation and legal consultation, etc. [...]

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'SBI InCube' Bangalore Contact Details >>


SBI InCube Branch (11349)

Local Head Office, 2nd Floor
65, St. Mark's Road
Bengaluru, 560 001

Em: sbi.11349@sbi.co.in Tel: +91 80 2594 3334 Fax: +91 80 2594 3329

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[ See More:

The Full Article >>

business-standard.com/article/finance/sbi-opens-first-dedicated-banking-branch-for-startups-116011400431_1.html

The official 'SBI InCube' announcement >>

https://www.sbi.co.in/portal/web/personal-banking/sbi-incube

The 'SBI InCube' Newsletter (PDF) >>

https://www.sbi.co.in/portal/docume...wsletter/37131d3a-737e-4ba4-beb4-b0d6fce3cd35

SBI home >> https://www.sbi.co.in ]
 

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