PNB signs MoU with STPI, opens New Startup Branch
PSU Bank, Punjab National Bank inaugurated a new startup branch at Bhikaji Cama Place, New Delhi. Further, an MoU was signed between PNB and STPI to extend financial support to eligible startups.
PNB signs MoU with STPI, opens New Startup Branch
New Delhi, 28 August 2025: Public sector lender Punjab National Bank, in a significant boost to financial outreach, has inaugurated a new startup branch at Bhikaji Cama Place, New Delhi. The inauguration of the new branch is in line with the Startup India initiative, and it aims to promote entrepreneurship and support innovation by providing comprehensive banking solutions.
The branch was inaugurated by Hon’ble Chief Guest Sh. Arvind Kumar, Director General, STPI, & Sh. Ashok Chandra, MD & CEO, PNB, in the presence of Sh. Subodh Sachan, Director STPI; Sh. Ankesh Kumar, Additional Director STPI; and other senior officials of PNB and STPI.
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Further, an MoU was signed between PNB and STPI to extend financial support to eligible startups. The main objective of STPI (Software Technology Parks of India) is to promote the development and export of software and IT-enabled services (ITeS), foster innovation and product development, and create a conducive ecosystem for the IT industry
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