The ‘Startup Ecosystem Banking’ proposition of the Bank affords treasury and transaction banking options.
The startups can even avail escrow, custody providers and foreign exchange options for seamless and environment friendly capital flows.
ICICI Bank on Tuesday introduced that it providing a complete bouquet of digital and bodily options to cater to all banking wants of startups throughout their varied life phases.
As a part of the ‘Startup Ecosystem Banking’ the Bank has put in place a devoted group for startups that serves them by an in depth community of branches.
The Bank offers progressive options by its home and worldwide community, and department at GIFT City, the Gujarat-based rising world monetary and IT providers hub, the financial institution mentioned in a press assertion.
The ‘Startup Ecosystem Banking’ proposition of the Bank affords treasury and transaction banking options, lending options, digital integrations, dealing with FDI and regulatory compliances, private banking providers for workers and founders.
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Rajesh Rai, enterprise head- west and south, department banking, ICICI Bank, mentioned, “India has emerged as the third largest startup ecosystem in the world, underlining the country’s vibrant and innovative startup culture. Through our comprehensive ‘Startup Ecosystem Banking’, we support the emerging requirement of Indian startups and aim to become the preferred bank of choice in their growth journey.”
The Ecosystem Banking additional helps startups to open Special Non-Resident Rupee (SNRR) account in addition to create deposits in each US Dollar and in Indian Rupee. The startups can even avail escrow, custody providers and foreign exchange options for seamless and environment friendly capital flows, the assertion mentioned.
The Bank mentioned that it additionally affords digital channels specifically Corporate Internet Banking (CIB), InstaBIZ cell software, Trade Online for commerce associated transactions, Integrated Payment System platform to facilitate vendor and tax funds, and options for e-collections and e-mandates.
Further, the Bank added that it affords an ‘API Developer Portal’, with over 250 APIs, enabling startups to co- create progressive buyer options.
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