RBL Bank opens branch exclusively for ‘Startup Banking’ in Bengaluru
20th April 2016Category : Start-upsPublished by :Rahul Verma Reading Time : 2 Minute News Sourced : India
RBL Bank, one of the largest private sector bank, announced its first branch in Bengaluru, to cater the burgeoning needs of start-up sector in India. The Bank is launching such branches for the banking needs of then growing start-up sector in India.
This newly facility to offer start-ups banking services around foreign exchange, remittances and cash management. The other facilities, registration, legal and tax formalities through verified partners, are part of Bank’s ‘Start-up Club’ initiative.
We have organised the Bank’s technical capabilities and speed of response to match this requirement,” said Narayan Ramachandran, Chairman of RBL Bank.
India’s largest bank, State Bank of India, has launched InCube start-up banking branch in potential city, Bengaluru.
The RBL Bank has plans to open similar facility focused at startups in Delhi-NCR, Mumbai and Chennai, but did not share a timeline for the same.