According to Economic Survey 2016, India is home to 19000 start-ups. Not only this; several experts have projected that the number would see a drastic increase by 2020. Going by this trend of exponential growth, promoting start-ups is definitely a good idea for the banking industry.
Setting an example in this category, private lender HDFC Bank is all set to unveil SmartUp Zones, exclusively for catering to the needs of the start-ups.
The SmartUp Zones are an exclusive area dedicated to handling the queries and demands of the start-ups.
So far, the bank has 16 operational SmartUp zones across five states, including nine centres in Bengaluru. The bank aims to open 65 such zones across 30 states.
These SmartUp zones have exclusively trained bank staffs, who will offer customised advisory solutions to the entrepreneurs.