To fund start-ups in the financial technology (fin tech) space, the country's largest lender SBI has set up a Rs. 200 crore fund. "This fund shall consider the assistance of up to Rs. 3 crore to an Indian registered company for promoting their business innovations using IT in India for banking and related technology," SBI Chairman Arundhati Bhattacharya said at a CII event in Mumbai on Thursday The 'IT Innovation Start-up Fund' will have a corpus of Rs. 200 crore, she said. The announcement comes against the backdrop of a greater thrust from the Centre on developing the start-up ecosystem. With digital technology making greater inroads into banking, the majority of financial institutions have upped their engagement to spot startups in the fin-tech space. Bhattacharya said the bank has also formed a mentoring team to assist start-ups. It will support, monitor and make a report on the progress and the utilisation of the funds by the venture.