Current Affairs - Places - Discussion

Industrial Credit and Investment Corporation of India (ICICI) launched a dedicated center in Bengaluru to provide hazel free services to small business owners and startups. Sandeep Batra, Executive Director, ICICI Bank along with Mr. Viral Rupani, Retail Business Head - South, ICICI Bank inaugurated the center. The center provides various services which include working capital loans of up to Rs. 20 crore, business loans (based on GST returns) of up to Rs. 1 crore, instant overdraft facility of up to Rs. 15 lakh, extensive trade solutions and cash management services, and others. It also provides legal and valuation desk to help customers in resolving challenges related to collateral for various loans.