Bank of India has launched three dedicated centres for startups and plans to have 12 such centres with a Rs 500 crore loan book by the first year of operations. The three centres are located in Mumbai, Bengaluru and Delhi.
They are intended to facilitate the government's goal of promoting innovation and entrepreneurship, and come under the initiative of the Department for Promotion of Industry and Internal Trade (DPIIT).
These centres will offer all the necessary banking services to startups under one roof, serving as a hub for entrepreneurs in the startup ecosystem and providing end-to-end financial services.
Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.
