Bank of Baroda, known as India’s second largest public sector bank, has initiated the ‘Baroda Startup Banking‘ program in 10 cities.
Through the program, Bank of Baroda will offer banking products and services that have been designed keeping in mind the unique and specialized banking requirements of startups.
The products include customized start-up current accounts, state of the art payment gateways, corporate credit cards and credit facilities apart from other existing products of the bank.
PS Jayakumar, MD & CEO, Bank of Baroda said, “We have designed this program considering market research inputs towards the tailored requirements of startups. The Baroda Startup Branches will have dedicated Relationship Managers, who would partner with startups and build lifecycle engagement with them. This will also enable us to contribute to the government’s Start-up India initiative.”
At present, the bank has established 10 dedicated startup branches across major startup hubs of the country viz. Gurugram, Delhi, Noida, Bengaluru, Chennai, Mumbai, Jaipur, Ahmedabad, Pune and Hyderabad.
In the next phase, it also plans to add Lucknow, Indore, Kolkata, Kochi and Chandigarh to its startup branches network.