While small and medium businesses are expected to face teething trouble in complying with the Goods and Services Tax regime, the new tax system will also open an opportunity for them to access credit as GST filings are set to become a significant data source for flow-based lending. Both banks and…
Tag: Rajeev Ahuja
RBL Bank launches dedicated branch for startups
RBL Bank (formerly Ratnakar Bank) will open specialized branches for start-ups offering a bouquet of banking products to service their end-to-end needs. The first such branch was opened by the bank today at Koramangala in Bengaluru, home to several budding start-ups. The dedicated branch will ass…
Banks look to cash in on start-up wave by carving a new segment
Many banks have established a separate internal segment to cater to the needs of start-up entities, as they see value in building a relationship with some of these expected to become large companies in years to come. “For the first time in our country, entrepreneurship is being promoted in …