As we reported last week, State Bank of India (SBI) has officially announced today the openning of - SBI InCube, country's first specialised branch, exclusively for start-ups, in Bengaluru's St. Mark's Road.

SBI InCube branch is a specialised branch to understand and address your banking needs for setting up a startup.

[caption id="attachment_103154" align="aligncenter" width="700"]An Inside view of SBI Incube branch in Bengaluru An Inside view of SBI Incube branch in Bengaluru[/caption]

SBI will roll out similar branches in other metros as well. SBI will provide advisory services to start-ups, help them open their accounts, meeting KYC requirements, forex assistance and provide them with a check list of things to do before starting their business.

"Introducing wealth management has been one of the bank's top strategic priorities, as we have a number of High Net worth Individuals (HNI)," the bank's chairman, Arundathi Bhattacharya, said.

The SBI Incube branch will offer the following:

  • 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.

More Details - SBI startups presentation

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