ICICI Bank said it has launched a center in Bengaluru to provide business solutions exclusively to startups and MSMEs, all under one roof. The center was opened by Sandeep Batra, ED, and Viral Rupani, head, Retail Business – South, of the bank. The center is equipped to offer working capital loans up to Rs 20 crore, business loans (based on GST returns) up to Rs 1 crore, instant overdraft facility of Rs 15 lakh, extensive trade solutions and cash management services, among others. It also has a legal and valuation desk to assist customers in resolving challenges pertaining to collaterals offered for various loans.
