Our Bureau
Bank of Baroda (BoB), on Friday, said it has launched the Baroda Start-up Banking programme to become a preferred banking partner for start-ups and to connect with at least 1,000 start-ups over the next two years.
Tailor-made products
Under the programme, the start-up branches will offer a bouquet of tailor-made banking products, including customised start-up current accounts, state-of-the-art payment gateways, corporate credit cards and credit facilities, apart from other existing products of the bank, and services, Bank of Baroda said in a statement.
The bank has established 10 dedicated start-up branches across major start-up hubs of the country – Gurugram, Delhi, Noida, Bengaluru, Chennai, Mumbai, Jaipur, Ahmedabad, Pune, and Hyderabad.
In the next phase, the bank is planning to add Lucknow, Indore, Kolkata, Kochi, and Chandigarh to its start-up branches network. PS Jayakumar, Managing Director and Chief Executive Officer, Bank of Baroda, said: “We have designed this programme considering market research inputs towards the tailored requirements of start-ups. The Baroda Start-up Branches will have dedicated relationship managers, who would partner with start-ups and build lifecycle engagement with them.”
In addition to the end-to-end banking solutions for start-ups, India’s second-largest public sector bank has also partnered with various service providers to provide assistance to start-ups by way of cloud credits, co-working space, legal/accounting services, and digital marketing.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.