SBI plans to support startups post-Series B – The Times of India-OxBig News Network

MUMBAI: SBI chairman C S Setty said most banks don’t have the risk appetite to fund startups at an early stage. Nevertheless, he indicated the bank’s readiness to participate in funding from the Series B stage and beyond. “We need to work out an ecosystem where the equity support from the banking system is also available to the startups,” Setty said at an event on Tuesday.