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Kotak Mahindra Bank, DPIIT sign memorandum of understanding
Oct-24-2025

Kotak Mahindra Bank and The Department for Promotion of Industry and Internal Trade (DPIIT) have signed Memorandum of Understanding (MoU) to enhance financial and non-financial support for startups across India. 

This strategic collaboration aims to create a comprehensive framework enabling startups to access customized banking solutions, credit and funding opportunities, digital and payment infrastructure, and capacity-building programs. The partnership reinforces DPIIT’s commitment to nurturing an innovation-led economy and accelerating India’s journey toward becoming a global startup hub.

Under the MoU, Kotak Mahindra Bank will extend a range of dedicated offerings for DPIIT-recognised startups, including zero-balance current accounts, working capital and term loans, API-based banking platforms, digital payment solutions, and specialized startup cards. The Bank will also facilitate access to mentorship, investment advisory, incubation support, and networking platforms, helping startups progress from ideation to scale.

The initiative will offer a dynamic support system encompassing banking services, advisory, technology enablement, funding access, and market linkages. It is designed to empower startups at every stage of their journey-- from early ideation to market expansion.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.

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