YES BANK partners MSInS to Provide Bespoke Banking Solutions to Startups in Maharashtra
YES BANK, India’s fourth largest private sector Bank, signed a Memorandum of Understanding (MoU) with the Maharashtra State Innovation Society (MSInS), a nodal agency of the Government of Maharashtra responsible for implementing the Maharashtra Start-up Policy.
Through this partnership, YES BANK will extend banking services to start-ups at the Maharashtra Startup Week, organised during June 25-29, 2018, through YES: Head-STARTUP program, the Bank’s comprehensive banking solution for tech and tech-enabled start-ups.
In line with YES BANK’s commitment to creating an enabling environment for startups and MSMEs, the Bank will provide full-service banking services to start-ups participating in the Maharashtra start-up week, which includes the following:
* Special Current Account variant with no minimum balance commitment
* Innovative Digital & Cash Management Solutions like API Banking, UPI, Wallet Services
* Wide-ranging Forex products & Trade-related Advisory Services
* Beyond banking services, such as Angel investor interaction, Mentorship & Guidance Programs and discounted co-working spaces, specialized financial & tax advisory through a unique alliance program with like-minded industry partners
* Special Loan Products (Business and Personal).
Rana Kapoor, MD and CEO, YES BANK, said: “MSMEs and startups are the backbone of the Indian economy, and YES BANK is committed to supporting their growth as a one-stop banking solutions provider.
"The Startup Week is truly a pioneering initiative by the Government of Maharashtra and the Maharashtra State Innovation Society to develop the startup and innovation ecosystem in the State. We are pleased to support this initiative through our exclusive YES: Head-STARTUP program, a full service banking proposition for Start-ups.”
