IDFC First Joins Hands with NASSCOM

Current Context: The IDFC First Bank partnered with the National Association of Software and Service Companies (NASSCOM) Centre of Excellence (CoE) to promote the startup ecosystem.

• The IDFC First, in collaboration with the NASSCOM CoE, will work to grow the innovation ecosystem and guide startups via a range of banking solutions.
• Through this partnership agreement, IDFC First will offer various products and solutions including:

1. Zero balance startup current account
2. Business credit cards
3. Working capital solutions for pre-profit startups

• The NASSCOM CoE will in turn assist the bank with its technology along with domain expertise.
• The NASSCOM CoE and IDFC First will jointly carry out various initiatives such as:

1. Investor Connect
2. Knowledge-Sharing Sessions
3. Tech Conclaves

• IDFC First Bank is a financial services company that was established in 2018 with its headquarters in Mumbai. The current MD & CEO of the company is V Vaidyanathan.
• NASSCOM is a non-governmental trade association that was established in 1988 with its headquarters in New Delhi. The current Chairperson of the association is Krishnan Ramanujam.

Question:

Q.1 Recently NASSCOM CoE partnered with which of the following bank to promote the startup ecosystem?
a. IDFC First
b. IDBI
c. HDFC
d. ICICI