SBI Launches InCube, Its First Exclusive Startup Bank Branch In Bengaluru

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[/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