SBI launches advisory services ‘InCube’ for startups
Q. What is InCube?- Published on 18 Jan 16a. Mobile Wallet App
b. A new social networking app
c. New tech Park for Start-ups.
d. Advisory services for startups
ANSWER: Advisory services for startups
The first SBI InCube Branch has come up in Bengaluru. SBI InCube will be a one-stop advisory services facility for entrepreneurs but will not offer loans to startups for now. This specialized branch aims to understand and address banking needs of a Startup Business. SBI InCube would advise entrepreneurs on several issues from setting up a company to taxation matters, asset and liability products, foreign exchange services, remittances and cash management.
