Current Affairs - Banking - Discussion

HSBC India has introduced the ‘Innovation Banking’ initiative to provide customised financial and banking solutions for startups at various stages of growth—from seed funding to IPO. The program includes a $1 billion allocation in non-dilutive debt capital, enabling startups to access funding without giving up equity. This move aims to strengthen India’s startup ecosystem by offering long-term financial support and innovative credit solutions, reflecting HSBC’s commitment to nurturing entrepreneurial ventures and driving economic growth through technological innovation and business development.