SBI plans to support startups post-Series B: Setty
SBI chairman C S Setty stated that most banks lack the risk appetite to fund early-stage startups but are open to funding from Series B stage onwards. He mentioned a potential government guarantee program to support startup loans up to Rs 100 crore. SBI aims to improve its agri-loan vertical by utilizing satellite and other data.
SBI chairman C S Setty stated that most banks lack the risk appetite to fund early-stage startups but are open to funding from Series B stage onwards. He mentioned a potential government guarantee program to support startup loans up to Rs 100 crore. SBI aims to improve its agri-loan vertical by utilizing satellite and other data.
