The Next Big Leap

CMYK FINAL LOGO Startup Ecosystem - SBI Initiative: The Indian startup ecosystem continues to evolve and thrive, supported by a favourable regulatory environment, collaborative networks, access to talent, and a culture of innovation. A startup as a concept will help the country to be a Job creator against Job seekers. With a high priority placed on nurturing the country’s startups and its ecosystem to foster the growth of the entrepreneurial ecosystem for achieving inclusive Socio-economic growth, SBI has taken the following key initiatives to support startups and to align with the Startup India Initiative of the Government. • To exclusively serve the banking & non-banking needs of Startups, the Bank has set up focused startup branches • Bank will provide all- encompassing solutions under “Power of One” with the help of all its Subsidiaries/ Joint ventures under one roof The bank has opened five dedicated SBI Startup Branches (SSBs) in Bengaluru, Chennai, Gurugram, Mumbai, and Hyderabad. Several additional openings are strategized during the upcoming financial year. • Apart from dedicated startup branches, SBI has identified Relationship Managers (SMEs) at 13 select SME branches across the country to provide services to the startups. Bank has developed customized liability products, Cash Management products, and Digital and Transaction Banking services. Further, an exclusive loan policy is curated to meet the start-ups’ needs • SBI is facilitating meetings with prominent VCs & ‘Private Equity’ players where the startups can pitch their funding needs • The Bank has developed the technological capability to become Bankers to an Issue/ Sponsor Bank for IPOs and Capital Market Branch. Mumbai has been selected to facilitate and lead the activities • Current account for Startups – Shubharambh has been rolled out to meet the specific banking needs of Startups with MAB of ` 20,000 (Waived for the first year), a free cash deposit of ` 15lacs, free POS machine installation, 20% concession in the POS monthly rentals, free PRIDE Business Debit Card, Insta Deposit Card, and an exclusive Salary account proposition for employees • SBI creates a value proposition for Startups with its largest branch network, Dedicated Relationship Manager, best in class Digital Products (SBI e Payments), electronic collection options, Inward Remittance, Finer Pricing on Trade Finance, Import Export bills, and LOC/ Bank Guarantee • As part of Treasury solutions, FDI /FPI /AIF transactions can be completed with minimal documentation • FDI origination and settlement transactions can be completed on the same day (T+ 0 basis). • Seamless forex rate booking with a user-friendly application and direct access to the Treasury desk with the best in Industry forex conversion rates for FDI /ODI and International trade transactions SBI API platform, allows startups to adapt to the existing application and business needs. The one-time integration will enable the startups to control service-level management, governance, monitoring, and reporting • A Startup focused loan product – UDAAN has been rolled out to meet startup financial requirements incorporating the government’s CGTMSE cover of up to ` 10 Cr Dun & Bradstreet