Bank of Baroda joins Software Technology Parks to support startups across country

Hyderabad/Mumbai, Jul 9 (KNN) Bank of Baroda (BOB), one of the country’s largest public sector banks, signed a memorandum of understanding (MOU) with Software Technology Parks of India (STPI) and AIC STPINEXT Initiatives to support startups across India under its Baroda startup Banking program.

Under this program, 15 dedicated startup branches are operational across the major startup hubs viz. Gurugram, Delhi, Noida, Bengaluru, Chennai, Mumbai, Jaipur, Ahmedabad, Pune, Hyderabad, Chandigarh, Lucknow, Kolkata, Indore and Kochi.

Speaking on the MoU Akhil Handa, Chief Digital Officer, BOB, said, “2020s is the decade of startups and as a leading financial institution, we are continuously working towards designing innovative banking products and services, which meets the unique and specialized banking requirements of startups.''

''This has led to our partnership with STPI & STPINEXT, which have emerged as one-of-their-kind enablers for innovative startups pan India. Through this partnership, we will together fuel the growth of the startup ecosystem in India,” he added.

Key offerings under Baroda Startup Banking are as follows: Dedicated and trained bank officials viz Startup Champs and Relationship Managers who will be a single touch point; Bouquet of tailored made banking products designed exclusively for startups and Array of services provided at preferential rates by marquee service providers in the field of cloud computation, co-working spaces, taxation, accounting, legal, etc.