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RBL Bank sets up branch for start-ups

RBL Bank has launched an exclusive branch for startups in Bengaluru. The bank is the first private sector bank to image009open such a specialized branch, offering a bouquet of banking products to service the end-to-end needs of the emerging entrepreneurial ecosystem. Nandan Nilekani, former chairman of Unique Identification Authority of India, inaugurated the branch. RBL Bank chairman Narayan Ramachandran said in a statement that the branch will assist entrepreneurs in setting up new companies or enterprises and offers a host of banking products including, foreign exchange services, remittances and cash management. It would also provide a range of value-added services including registration, legal and tax formalities etc. through its affiliates and partners, he said. The bank had earlier launched ‘India StartUp Club’, an initiative to support early stage companies with a slew of banking services to commence their operations.

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