RBL Bank announced the launch of an exclusive branch for start-ups. RBL Bank will be the first private sector Bank to open a specialized branch for start-ups offering a bouquet of banking products to service the end-to-end needs of the emerging entrepreneurial eco-system.
The branch was inaugurated at Koramangala, Bengaluru, by Nandan Nilekani, noted entrepreneur and former chairman of Unique Identification Authority of India. RBL Bank’s Chairman, Narayan Ramachandran and Rajeev Ahuja, Head – Strategy were present on the occasion. 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. The Branch will also provide a range of value added services including registration, legal and tax formalities etc. through its affiliates and partners.