Money & Banking

Bank of Baroda programme for start-ups

Mumbai | Updated on August 09, 2019 Published on August 09, 2019

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.

Published on August 09, 2019
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.