RBL first private sector bank in India for startups

Q.  Which is the first private sector bank in India with dedicated branches for startups?
- Published on 22 Apr 16

a. HDFC
b. ICICI
c. SBI
d. RBL

ANSWER: RBL
 
The RBL Bank on 19th April 2016 became the first private sector bank in India to open dedicated branch for start-ups.
  • The dedicated branch was inaugurated at Koramangala, Bengaluru by Nandan Nilekani, noted entrepreneur and former chairman of Unique Identification Authority of India (UIDAI).
  • The move came following the launch of first branch dedicated of the State Bank of India in January 2016 to serve the needs of start-ups in Bengaluru.

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