New Delhi, Aug. 27 -- Punjab National Bank (PNB) opened its first branch focused on startups in Delhi on Wednesday, with more to follow across the country.

Alongside, the Bank also entered into an MoU with Software Technology Parks of India (STPI) to facilitate Indian startups with financial literacy and awareness, banking service needs, and registration with some financial institutions.

"We already had opened startup cells at different locations in the country, but today we have opened the full-fledged startup branch, and this concept we are going to do it in and implement it in the major centers in the country," Ashok Chandra, MD and CEO, PNB, told ANI.

Chandra said that STPI is going to play an important role because it has the good...