First Startup dedicated branch of Bank of Maharashtra opens in Pune

Pune, Apr 1 (KNN) The Bank of Maharashtra has lunched its first startup dedicated branch in Pune.

Speaking about the bank’s first startup branch, S Rajeev, managing director & CEO said, “It is imperative for us to start our own dedicated branch for startups where we shall cater to all their needs right from the inception to issuance of IPO or FPOs.”

As per reports, the Bank has also signed an MoU with Small Industries Development Bank of India (SIDBI) Venture capital for financing of startups.

The startup branch is located at the Fergusson College Road.

Recently, State Bank of India (SBI) had also launched its third startup-focused branch in Gurugram. 

Earlier, it had launched similar branches in Mumbai and Bengaluru.  (KNN Bureau)