ICICI Bank to invest in startup firms
Posted on: 20/Apr/2016 2:52:49 PM
India`s largest private ICICI Bank on Tuesday also joined the startup bandwagon. It has decided to invest in the firms that have financial technology.
Rajiv Sabharwal, executive director, ICICI Bank said, Whenever we get the opportunity to invest in these firms we will consider it. We have not set aside exclusive funds for this purpose.
ICICI Bank is interested to invest in big data and artificial intelligence sections. The Central government announced Start Up India scheme during the month of January. After this, many of the leading of the firms have been making announcements regarding investing in the Start Up firms.
SBI bank has started an exclusive branch for startups in Bangalore. Similarly RPL bank has also opened a branch. Another important bank Federal Bank has allocated Rs 25 Crores to invest in startup firms.
