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RBL Bank's India Startup Club offers a unique banking platform for entrepreneurs

RBL Bank launched 'India Start-up Club', a specially designed proposition for start-ups that will enable them to run their business smoothly by offering services that are convenient.

BT Online | January 22, 2016 | Updated 18:39 IST
This bank launched unique banking platform for startups

RBL Bank, one of India's fastest growing private sector banks, on Thursday launched 'India start-up Club', a specially designed proposition for start-ups that will enable them to run their business smoothly by offering services that are convenient and simple.

The launch followed PM Narendra Modi's start-up Action Plan that the government launched on January 16 to fuel the entrepreneurship spirit of the country.

"The launch of 'India start-up Club' (ISC) has been strategically scheduled to coincide with the start-up initiative launched by PM Narendra Modi," said Rana Vikram Anand, Head - Segments & Products, Business and Branch Banking at RBL Bank.

Explaining the idea behind RBL's start-up club, Anand said through this program the bank will cater to end-to-end banking services of the emerging entrepreneurial community by building a robust ecosystem for them.

"ISC will offer a series of personalized banking services, financial tools as well as resources and planning solutions. The start-ups can flourish and grow their business by availing to multiple options including both banking and non-banking solutions," said Anand.

"ISC's banking services include business account, trade and foreign exchange service, transaction banking solution i.e., API banking for managing various payment and receivable needs, salary account and payroll management solution & personal banking solutions," said RBL Bank in a press release.

RBL's non-banking solutions include enterprise registration services (online CA), office space / meeting room services, human resource management system, social media marketing and branding and customer relationship management.

RBL Bank has been recognized by the World Economic Forum as a "Global Growth Company (GCC)" for 2014 and has also been awarded "India's Best Bank (Growth) in the Mid-Sized Bank segment" by Business Today and KPMG for three consecutive years, 2012, 2013 and 2014.

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