Mohit Gupta
11 years 8 months ago
I left my job last year December and wanted to start a internet based proprietorship business. As per law, the only registration needed was VAT. When I went to a nationalized bank, they refused to open an account without 2 government registrations. Policies like this force people to create falsified documents. And then Banks claim that they detected frauds. The RBI governor needs to revisit these policies and create a better environment for startups.
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