• Punjab National Bank opens a dedicated startup branch at Bhikaji Cama Place, New Delhi.
• PNB signs an MoU with Software Technology Parks of India (STPI) to provide financial aid to eligible startups.
• The initiative supports the Startup India mission to boost entrepreneurship and innovation.

Punjab National Bank (PNB), a leading public sector bank, has opened a new branch specially designed to serve startups in Bhikaji Cama Place, New Delhi. This move is part of the Startup India initiative and aims to provide startups with easy access to banking services tailored to their unique needs.

The branch was inaugurated by Arvind Kumar, Director General of STPI, along with Ashok Chandra, Managing Director and CEO of PNB. Several senior officials from both PNB and STPI attended the event, marking a significant step toward strengthening the startup ecosystem in India.

In addition to opening the branch, PNB and STPI signed a Memorandum of Understanding (MoU) to collaborate on financial support programs for startups. This partnership is focused on offering customized banking solutions and funding to eligible startups, helping them grow and innovate.

STPI is a government organization dedicated to promoting software development, IT enabled services, and innovation in the technology sector. Through this partnership, PNB aims to create a supportive environment for startups by providing not just banking facilities but also access to funds and expert guidance.

Also Read: Mahindra Tractors Partners with Punjab National Bank

This initiative will help startups overcome financial challenges and enable them to focus on product development and business growth. It also aligns with the government’s broader goal of fostering innovation and entrepreneurship across the country.

With this new startup branch and collaboration with STPI, PNB reinforces its commitment to backing the next generation of entrepreneurs and strengthening India’s position as a global startup hub.