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SBI Launches an Exclusive Branch for Startups Called InCube

The branch was inaugurated by SBI Chairman Arundhati Bhattacharya in the presence of Mohandas Pai, G.V.Ravishankar (Sequoia) and other industry relevant people from the industry. Adding a comment on the development, SBI Chairman, Bhattacharya said, “SBI is striving to make its structure more amenable to the requirements of startups. We want to be a part of the growth of startups and India itself.  We will support entrepreneurs in their ventures and let them do their job of innovating. ”

Going forward, SBI is planning to establish more branches in Delhi-NCR and Pune. Through the ‘SBI InCube’, the bank will be helping, guiding and counselling entrepreneurs in starting up their ventures.

Here are its key features-

  1. Experienced relationship managers, who know the exact solutions for your banking needs

  2. Comprehensive, competitively priced financial products and services

  3. Integrated online and mobile banking solutions to save your time & money

  4. Solutions that streamline receivables and payables and optimise cash conversion cycle

  5. Limited advisory on investments, taxation and forex transactions that help optimise liquidity, capital preservation and return

The mission of SBI InCube is to help startups realize their vision through a strong banking support, states the website.


Source: SBI InCube

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