In a significant milestone, the BSE has signed an MoU with the Federal Bank to promote the listing of SMEs and Startups on the BSE, SME & Startup platform. According to an official release, the bank and the BSE would review SMEs and startups that are in the process of becoming listed.
Commenting on the association, Ajay Thakur, Head – BSE, SME & Startups, said “We are excited to partner with Federal Bank and this collaboration will enable us to tap the large SME & Startup client base of Federal Bank spread across the country and educate them on the benefits of listing. It is yet another step in our endeavour to further penetrate the SME and Startup ecosystem and provide them with the platform for equity financing.”
“We are delighted to partner with BSE on the SME and startups space,” said Harsh Dugar, Group President & Country Head – Federal Bank, Wholesale Banking- Corporate & Institutional Banking. “As one of India’s foremost tech-led banks, this is an area of sharp focus for us. Our full-stack product suite and our deep understanding of this sector make us a banker of choice to the SME ecosystem, and we are confident of significant synergies that both our institutions can derive from this partnership.”
According to the statement, 364 SMEs have been listed on the BSE SME platform to date, while 14 companies have been listed on the BSE Startups platform.
