SBI GET GOING ON VENTURE FUND

The country's largest bank, State Bank of India (SBI) venture fund initiatives have been put on a fast tract. The bank's investment banking arm, SBI Capital Markets (SBI Caps), is now in talks with global investors for setting up two more venture funds- a 'Buy-out Fund' and an 'SME Fund' - as it formally announced launch of its maiden fund jointly with Soft bank Investment, a part of Japan's SBI Holdings group.