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Indian Bank Starts Specialised Startup Cells in 10 Cities across India

Published on August 19, 2023
Current Context: Indian Bank has launched 10 specialized startup cells in different cities across the country to cater to the unique and specialized banking needs of the startup ecosystem.These startup cells are located in Ahmedabad, Bengaluru, Coimbatore, Chennai, New Delhi, Gurgaon, Guwahati, Hyderabad, Kanpur and Mumbai.
Indian Bank Starts Specialised Startup Cells in 10 Cities across India
  • They provide a range of tailor-made banking solutions for startups, such as payment gateways, corporate credit cards, credit facilities, and a customised loan product called 'IND SPRINGBOARD’.
  • The startup cells also have dedicated relationship managers who partner with the startups and build lifecycle engagement with them.
  • The launch of the startup cells is a major milestone in Indian Bank’s journey to support the growth of the startup ecosystem in India. Indian Bank MD and CEO S L Jain said that the bank is committed to providing innovative and hassle-free banking services to the startups and help them scale up their businesses.

Question:

Q.1 How many specialised startup cells has Indian Bank launched in different cities across India?
a. 5
b. 10
c. 15
d. 20
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