HDFC Bank, the country’s second largest private sector bank has unveiled SmartUp, a first-of-its-kind dedicated solution for start-ups in Kolkata. The bank has launched this service in association with Nasscom, an IT and BPO industry body which is running the 10,000 Start-ups initiative.
SmartUp is tailored to meet all the requirements of a startup, offering banking and payment solutions, along with advisory and forex services. This initiative is part of a larger effort by the bank to create an ecosystem to nurture the spirit of innovation and enterprise in the startup space.
HDFC Bank is one of India’s premier banks providing a wide range of financial products and services to its 32 million customers across hundreds of Indian cities using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking. As of June 30, 2015, the bank had a distribution network with 4,101 branches and 11,962 ATMs.
