Bank of India inaugurates a START-UP focused branches at 3 Centre across pan India

 

National: “Bank of India” – a major public sector bank with a significant domestic presence – has launched three special start-up centers through dedicated start-up focussed branches. The three start-up centers are located in Bengaluru, Mumbai, and New Delhi.

The dedicated start-up branches are intended to facilitate the Central Government’s goal of promoting robust innovation and entrepreneurship through the start-up culture in India. 'Start-Up India' is a flagship initiative of the Government of India, intended to drive sustainable economic growth and generate large-scale employment opportunities via start-ups. India is emerging as a hub for Start-up initiatives with more than 93,000 start-up entities already registered with the 'Department of Promotion of Industry and Internal Trade' (DPIIT) to date.

These branches will offer all the necessary banking services to start-ups under one roof, serving as a hub for entrepreneurs in the start-up ecosystem and providing end-to-end financial services. The branches will have a special start-up desk with a Relationship Manager.

Bank of India, MD & CEO, Shri Rajneesh Karnatak, inaugurated the start-up desk virtually at two of these start-focussed branches on 24 July 2023 while being physically present to inaugurate the start-up branch at Turbhe, Navi Mumbai.

Speaking on the occasion, Shri Rajneesh Karnatak, MD & CEO of Bank of India, said, “Bank of India has given in-principal approval for seven start-up branches today beginning with Mumbai, Bengaluru, and Delhi. These start-up branches will add to the MSME book of the Bank of India, which is the thrust area for our bank and the country.”

The three identified start-up-focused branches are:
•         Bengaluru Main Branch in Bengaluru
•         Parliament Street Branch in New Delhi
•         Turbhe in Navi Mumbai

'Bank of India' has identified 9 more centers for start-up-focused branches. These centers will be operational shortly. For decades, BOI has been the bank of choice for all sections of society while also being a pioneer in supporting innovation and entrepreneurship across the country.