SBI launches ₹200 cr fund for fintech startups
The State Bank of India on Thursday launched a ₹200-crore 'IT Innovation Start-up Fund’ to invest in startups operating in the financial technology space. “This fund shall consider assistance of up to ₹3 crore to an Indian registered company for promoting their business innovations using IT in India for banking and related technology,” said SBI Chairman Arundhati Bhattacharya.