![SBI to set up Innovation, Incubation and Acceleration Centre in Hyderabad, Telangana](https://www.gkseries.com/blog/wp-content/uploads/2022/03/download-2022-03-21T114546.167.jpg)
State Bank of India (SBI) plans to set up an Innovation, Incubation and Acceleration Centre (IIAC) at Hyderabad in a bid to build in-house capability to bolster its current performance and drive higher top-line growth through innovation.
The objective of this Innovation, Incubation and Acceleration Center is to build in-house capability to improves its current performance and drive higher top-line growth through innovation. The center will be operational in about six to nine months’ time from on-boarding a consultant.