“IT Innovation Start-up Fund” has been launched by which Indian bank to invest in financial technology startups?
“IT Innovation Start-up Fund” has been launched by which Indian bank to invest in financial technology startups?
[A]ICICI
[B]Bank of India
[C]State Bank of India
[D]HDFC
State Bank of India
The State Bank of India (SBI) has recently launched “IT Innovation Start-up Fund” with a corpus of Rs. 200 crore to empower startups in the financial technology (fintech) space. The fund will consider assistance of up to Rs. 3 crore to an Indian registered company for promoting their business innovations using IT in India for banking and related technology.