Kolkata, Jul 09: Bank of Baroda, one of the country’s largest public sector banks, signed a memorandum of understanding (MOU) with Software Technology Parks of India (STPI) and AIC STPINEXT Initiatives to support startups across India under its Baroda Startup Banking program.

Under this program, 15 dedicated startup branches are operational across the major startup hubs viz. Gurugram, Delhi, Noida, Bengaluru, Chennai, Mumbai, Jaipur, Ahmedabad, Pune, Hyderabad, Chandigarh, Lucknow, Kolkata, Indore, and Kochi.

Speaking on the MoU, Akhil Handa, Chief Digital Officer, Bank of Baroda, said “2020s is the decade of startups and as a leading financial institution, we are continuously working towards designing innovative banking products and services, which meets the unique and specialized banking requirements of startups. This has led to our partnership with STPI & STPINEXT, which have emerged as one-of-their-kind enablers for innovative startups pan India. Through this partnership, we will together fuel the growth of the startup ecosystem in India.”(UNI)