State Bank of India trying to work out way to debt finance start ups

30 Sep 2021 Evaluate

State Bank of India (SBI) is trying to work out a way to debt finance start ups as current rules allow banks to fund only profitable companies. Start ups raise equity fund to run their business and promoters are forced to dilute stake as debt funding is not available for the sector because they are loss making in the initial years.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

SBI Share Price

752.60 18.55 (2.53%)
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Peers
Company Name CMP
SBI 752.60
Bank Of Baroda 264.20
PNB 124.35
Canara Bank 581.90
Union Bank Of India 153.45
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