Federal Bank, a Kerala-based private sector bank has opened an exclusive outlet in Kochi for start-ups. Named Launchpad, the outlet provides a range of advisory services apart from customised banking services to entrepreneurs planning to set up ventures in diverse sectors like digital financial services, biotechnology, hi-tech farming, healthcare, logistics and c-commerce. The bank has decided to open the same kind of outlet in Bengaluru soon.
Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India.