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RBL, formerly known as Ratnakar Bank, recently announced the launch of an exclusive branch for the startups in Bangalore. With this, the team aims to assist the entrepreneurs in setting new companies and help them in understanding tax and legal compliance through partners. Also, they would be provided with banking products including foreign exchange services, remittances, cash management, and others.
The branch was inaugurated by Nandan Nilekani, former chairman of Unique Identification Authority of India. As per Rajeev Ahuja, Head – Strategy, this is not merely a branch where a startup entrepreneur will walk up and ask for a current account or a remittance.