ICICI Bank announced on Tuesday that it is now offering a comprehensive suite of digital and physical solutions to meet the banking needs of startups at all stages of development.

As part of the 'Startup Ecosystem Banking,' the Bank has established a dedicated team for startups, who are served by an extensive network of branches.

According to a press release, the bank provides innovative solutions through its domestic and international network, as well as its branch at GIFT City, Gujarat's emerging global financial and IT services hub.

The bank's treasury and transaction banking solutions, lending solutions, digital integrations, handling FDI and regulatory compliances, and personal banking services for employees and founders are all part of its 'Startup Ecosystem Banking' proposition.

"India has emerged as the third largest startup ecosystem in the world, underlining the country's vibrant and innovative startup culture," said Rajesh Rai, business head-west and south, branch banking, ICICI Bank. We support the emerging needs of Indian startups through our comprehensive 'Startup Ecosystem Banking,' and we aim to be the preferred bank of choice in their growth journey."

The Ecosystem Banking also assists startups in opening Special Non-Resident Rupee (SNRR) accounts and making deposits in both US dollars and Indian rupees. The startups can also get escrow, custody, and forex services for smooth and efficient capital flows, according to the statement.

Corporate Internet Banking (CIB), InstaBIZ mobile application, Trade Online for trade related transactions, Integrated Payment System platform to facilitate vendor and tax payments, and solutions for e-collections and e-mandates are also available, according to the bank.

The bank also stated that it provides a 'API Developer Portal' with over 250 APIs, allowing startups to collaborate on innovative customer solutions.