The country's largest lender, the State Bank of India, inaugurated its fifth specialised startup branch in Hyderabad to offer a comprehensive suite of essential banking services, specifically tailored to meet the unique needs of startups, all conveniently available under one roof. Shri Dinesh Khara, Chairman, SBI inaugurated the branch at Madhapur in Hyderabad.
Speaking on the occasion, SBI Chairman, Shri Dinesh Khara said, “The inauguration of our fifth startup branch in Hyderabad is a reflection of our commitment to support these ventures in driving the nation’s objective of becoming a Job Creator. These specialized branches cater to the entire spectrum of banking and non-banking needs of startups. With a robust financial ecosystem, we anticipate the rise of more Unicorns, symbolising innovation and growth. We at SBI, are continuously evolving to comprehensively meet the dynamic financial needs of startups, demonstrating our 'Power of One'.”