SBI signs agreement with SINE for promoting innovation in startups in the fintech sector

Q.  SBI has signed an MoU with SINE in July 2016.  What does SINE stand for?
- Published on 14 Jul 16

a. Society for Innovation and Entrepreneurial Development
b. Society for Innovation and Entrepreneurism
c. Society for Innovation and Entrepreneurship
d. Society for Invention and Entrepreneurship

ANSWER: Society for Innovation and Entrepreneurship
State Bank of India in the second week of July 2016 has signed an MoU with the Indian Institute of Technology Society for Innovation And Entrepreneurship(SINE) to promote innovation by startups in the financial sector.
  • Deal also aims to evaluate start ups operating out of SINE or being promoted by SINE for early stage funding with the norms of the bank
  • SINE is an IIT-B incubator

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