https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Banking on Innovation: PNB Launches First Startup-Centric Branch in New Delhi to Boost Entrepreneurial Growth- Details Inside

In partnership with STPI, PNB’s first startup-centric branch offers tailored financial services to support emerging entrepreneurs and strengthen India’s innovation ecosystem.
Indian Masterminds Stories

New Delhi: In a move aimed at accelerating India’s startup ecosystem, Punjab National Bank (PNB), one of the country’s leading public sector banks, has inaugurated its first startup-centric branch at Bhikaji Cama Place, New Delhi. This strategic initiative aligns with the Government of India’s Startup India Mission, aimed at fostering innovation, entrepreneurship, and financial inclusion.

A Dedicated One-Stop Banking Hub for Startups

The newly launched branch is designed to offer comprehensive banking solutions tailored to startups, including access to financing schemes, advisory support, and dedicated services that meet the unique needs of emerging businesses.

Speaking at the inauguration, PNB MD & CEO Ashok Chandra emphasized the bank’s vision:

“This dedicated Startup Branch offers a one-stop solution for financial needs of startups. Our collaboration with STPI will help unlock growth opportunities for entrepreneurs and innovators.”

Read also: PNB Housing Finance Appoints D. Surendran as Non-Executive Nominee Director; Brings 35 Years of Banking Experience – Know More About His Journey

STPI Partnership: Bridging Startups with Finance

The event also witnessed the signing of a Memorandum of Understanding (MoU) between PNB and the Software Technology Parks of India (STPI). As part of the agreement, STPI will share a curated list of startups—incubated, onboarded, or graduated—to connect them with PNB’s specialized financial products and services.

Arvind Kumar, Director General of STPI, praised the collaboration, stating:

Combining STPI’s tech expertise with PNB’s financial strength will create a robust support system for Indian startups.”

Leadership Presence at the Launch

The inaugural ceremony was graced by Chief Guest Arvind Kumar, along with PNB MD & CEO Ashok Chandra, and senior officials from both organizations, including Subodh Sachan, Director, STPI and Ankesh Kumar, Additional Director, STPI.

Looking Ahead

This startup-centric model marks a significant step in PNB’s efforts to strengthen financial access for India’s growing startup community. The bank has indicated plans to expand this model to other cities in the near future, reinforcing its role in India’s journey toward becoming a global innovation hub.

About PNB Housing Finance

PNB Housing Finance Limited (PNB HFL) is a partially government-owned company, also known as a Public Sector Undertaking (PSU) or PSU-promoted company. It’s a subsidiary of Punjab National Bank (PNB), which is a Public Sector Bank. While PNB HFL is a separate entity with its own management, it has a significant level of government ownership and influence due to its parent company’s status.

Read also: PNB Signs Addendum to MoU with Himachal Pradesh Police for Salary Accounts and Rakshak Schemes


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
IFS Parvathaneni Harish
Who Is Senior IFS Parvathaneni Harish? The Officer Slams Pakistan at UNSC, Recalls 1971 Genocide and Mass Rape of 400,000 Women
Punjab_govt_resized
Punjab: 2 IAS Officers Transferred in Late Evening Move, Jaspreet Singh Takes Over as MD of Punjab INFOTECH
UPPSC_UPPCS_resized
UPPSC PCS 2025 Prelims on October 12: 42 Exam Centres in Meerut, First-Time Room Inspector Training Introduced
ED _Enforcement_Directorate
ED Sends Fresh Notice to Nikant Jain, Close Aide of Suspended IAS Abhishek Prakash, Amid Ongoing Probe
CEC Gyanesh Kumar
Bihar Elections 2025: CEC Gyanesh Kumar Addresses 5 Key Issues - SIR, Fake Voting, Freebies & More
BSNL
BSNL Surpasses Airtel in Mobile Subscriber Growth After Nearly a Year; Jio Leads with 19 Lakh Additions in August
NTPC_Tapovan Donates_Ambulance_
NTPC Hands Over ₹30 Lakh Advanced Life Support Ambulance to Chamoli District Hospital to Boost Emergency Healthcare
NTPC_Barauni_signed_agreement_
NTPC Barauni to Install 89 High-Mast Lights Across Begusarai to Boost Safety and Community Development
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Dr G K Goswami IPS
Everything you ever wanted to know about e-murder, e-dacoity and data safety
IFS Ravikant Meena UPSC IFS
Ravikant Meena on IFS Preparation, Optionals, and Life in Forest Service
ADVERTISEMENT
UPSC Stories
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Discover how IDES officer Saquib Alam left his corporate job at Mahindra, overcame six UPSC attempts,...
Utkarsh Ujjwal IAS
IAS Utkarsh Ujjwal Shares Key Advice for UPSC Aspirants: Work Ethic, Failure, and Focus
Read the inspiring journey of IAS Utkarsh Ujjwal, 2023 batch, Gujarat cadre. From IIT Guwahati to clearing...
Sagar Datta Majumdar UPSC CSE 2024 AIR 317
“Don’t get trapped in the vicious cycle of self-doubt,” says UPSC Achiever Sagar Datta Majumdar
Discover how Sagar Datta Majumdar from Agartala, Tripura, cracked UPSC CSE 2024 with All India Rank 317....
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
IFS Parvathaneni Harish
Who Is Senior IFS Parvathaneni Harish? The Officer Slams Pakistan at UNSC, Recalls 1971 Genocide and Mass Rape of 400,000 Women
Punjab_govt_resized
Punjab: 2 IAS Officers Transferred in Late Evening Move, Jaspreet Singh Takes Over as MD of Punjab INFOTECH
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
Dr G K Goswami IPS
IFS Ravikant Meena UPSC IFS
ADVERTISEMENT
ADVERTISEMENT