Which of the following banks has signed MoU with IIT Bombay to promote startups in financial sector?
[B]State Bank of India
State Bank of India
The IIT-Bombay’s technology business incubator “Society for Innovation and Entrepreneurship (SINE)” has recently signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI) to promote innovation by startups in the financial sector. As per the MoU, both the parties will identify FinTech startups that have products or applications to cater to the financial sector and can help SBI to explore opportunities to increase the synergy for their banking services. SBI will provide a platform for testing/ piloting financial products/applications and also check for any specific business linkages.