Friday, January 15, 2016

#SBI launches dedicated bank branch for Startups in #Bangalore #StartupIndia

India's largest public sector bank, State Bank of India (SBI), has opened its first InCube branch dedicated to serving startup companies in Bengaluru. “We believe we will be very useful to the startups even though we are not giving them financing, because financing is not the only thing startups need. In fact they really and truly need a lot of financial management advice, they need to understand how to manage their companies and they need to be free of these things to actually concentrate on what they do best,” said Arundhati Bhattacharya, Chairman of the State Bank of India.Apart from inaugurating the first InCube branch in Bengaluru, SBI also launched a new wealth management service called Exclusif. Customers of the service will have access to a dedicated relationship manager and a team of investment experts.