{"id":21116,"date":"2020-09-11T03:45:18","date_gmt":"2020-09-11T03:45:18","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=21116"},"modified":"2020-09-11T03:45:18","modified_gmt":"2020-09-11T03:45:18","slug":"istartup2-0-icici-bank-launches-service-offering-for-start-ups","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=21116","title":{"rendered":"iStartup2.0: ICICI Bank launches service offering for start-ups"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"article-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" class=\"lazy lazy-hidden size-full wp-image-2080245\" data-lazy-type=\"image\" src=\"https:\/\/images.financialexpress.com\/2020\/09\/1-386.jpg\" alt=\"The startups up to 10 years old can opt for the current account of the bank.\" width=\"660\" height=\"440\" srcset=\"\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"lazy lazy-hidden size-full wp-image-2080245\" data-lazy-type=\"image\" src=\"https:\/\/images.financialexpress.com\/2020\/09\/1-386.jpg\" alt=\"The startups up to 10 years old can opt for the current account of the bank.\" width=\"660\" height=\"440\" srcset=\"\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2080245\" src=\"https:\/\/images.financialexpress.com\/2020\/09\/1-386.jpg\" alt=\"The startups up to 10 years old can opt for the current account of the bank.\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2020\/09\/1-386.jpg 660w, https:\/\/images.financialexpress.com\/2020\/09\/1-386-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/09\/1-386-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/09\/1-386-401x267.jpg 401w, https:\/\/images.financialexpress.com\/2020\/09\/1-386-440x293.jpg 440w, https:\/\/images.financialexpress.com\/2020\/09\/1-386-80x54.jpg 80w, https:\/\/images.financialexpress.com\/2020\/09\/1-386-313x209.jpg 313w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><\/noscript><\/noscript><span class=\"article-caption\">The startups up to 10 years old can opt for the current account of the bank.<\/span><\/figure>\n<\/div>\n<p>In a bid to attract entrepreneurs with a range of services, <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/icici-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">ICICI Bank<\/a> has launched \u2018iStartup2.0\u2019 that offers solutions beyond banking. The service seeks to help entrepreneurs with solutions that range from setting up firm and digitisation.<\/p>\n<p>The bank said that it would help take care of aspects such as regulatory assistance, analytics, staffing, accounting, customer acquisition and digital outreach to customers, among others. The lender formally launched the product on Thursday. Pankaj Gadgil, head \u2014 self employed segment, ICICI Bank, said that bank has focused on ease of doing business following the feedback it received from customers. \u201cThe solution also takes care of financing side,\u201d he added.<\/p>\n<p>The bank has launched the product for entrepreneurs at a time when Reserve Bank of India (<a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/tag\/rbi\/\" rel=\"noopener noreferrer\">RBI<\/a>) has brought startups under the purview of priority sector lending (PSL). As per website of ICICI Bank, iStartup2.0\u2019 is available in three variants platinum, gold and silver. The three categories of current account will have different charges as per services.<\/p>\n<p>The startups up to 10 years old can opt for the current account of the bank. Further, startups can open an account and get the account number at the time of incorporation as the bank has integrated its application programming interface (APIs) with the website of the Ministry of Corporate Affairs (MCA).<\/p>\n<p>It also offers other features namely instant payment of Goods and Services Tax (GST), easy bulk collection and payments of funds through multiple modes, automatic bank reconciliation and inward\/outward remittances, among others.<\/p>\n<p>The bank wants to cater to 8.5 lakh customers which were registered for start ups since 2010 on MCA website. Without giving a specific target, Pankaj Gadgil said that bank already caters to a large number of startups and idea is to penetrate further. \u201cWe foresee that the startup segment in the country is poised for rapid growth with favorable regulations in the ecosystem and high spirit of entrepreneurship,\u201d he added.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/s-p-bse-sensex-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">BSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nifty-50-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">NSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/investing-abroad\/\" target=\"_blank\" rel=\"noopener noreferrer\">US Market<\/a> and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\"https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\"https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<p class=\"telegram-text\"><img loading=\"lazy\" decoding=\"async\" class=\"telegrma_img\" src=\"https:\/\/images.financialexpress.com\/2020\/04\/telegram.png\" alt=\"\" width=\"24\" height=\"24\" style=\"margin: 0px 5px 4px 0px; float: left;\"\/>Financial Express is now on Telegram. <a href=\"https:\/\/t.me\/TheFinancialExpressOnline\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to join our channel<\/a> and stay updated with the latest Biz news and updates.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\\\"https:\/\/www.financialexpress.com\/industry\/banking-finance\/istartup2-0-icici-bank-launches-service-offering-for-start-ups\/2080237\/\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The startups up to 10 years old can opt for the current account of the bank. In a bid to attract entrepreneurs with a range of services, ICICI Bank has launched \u2018iStartup2.0\u2019 that offers solutions beyond banking. The service seeks to help entrepreneurs with solutions that range from setting up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21117,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-21116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/09\/1-386.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/21116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21116"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/21116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/21117"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}