New Delhi — August 28, 2025 — In a bid to better serve India’s growing startup ecosystem, Punjab National Bank (PNB) has launched its first-ever startup-centric branch in New Delhi, in partnership with the Software Technology Parks of India (STPI). The inauguration was graced by PNB MD & CEO Ashok Chandra and STPI’s Director General, Arvind Kumar.Deccan HeraldThe Tribune
A Specialized Banking Hub for Startups
This initiative marks PNB’s strategic shift toward offering tailored financial solutions for entrepreneurial ventures. Unlike traditional branches, the new outlet aims to function as a financial support hub, offering services aligned with the Startup India initiative—including easier credit access, customized loans, and ecosystem support.Deccan HeraldTICE News
Why This Innovation Matters
For growing startups, access to specialized banking assistance can be a game-changer—be it in handling cash flow, credit requirements, or financial documentation. With PNB’s expansive footprint across public sector banks, this move sets a precedent that could spark further innovation in banking for early-stage companies.
Additional Noteworthy PNB Updates:
- MCLR Rate Cut Benefits Borrowers
In August 2025, PNB along with other banks like SBI and HDFC Bank reduced their MCLR lending rates, aiming to ease EMIs for MCLR-linked borrowers.The Economic Times - Focus on Project Financing & NPA Recovery
PNB is prioritizing project financing in sectors such as infrastructure, smart metering, and renewable energy to revive its business loan growth. While aiming for 11–12% growth in FY26, it achieved a quicker 6.9% in the first quarter, driven by robust MSME and retail lending. Alongside, it plans to sell NPAs worth up to ₹5,000 crore to ARCs, expecting 40–50% recovery.ReutersCaalleyBusiness Standard
India’s PNB to focus on project financing to revive business loan growth, CEO says
— Your StartupByDoc Team