Indusind Bank Limited has informed the Exchange regarding a press release dated August 21, 2025, titled "Please find enclosed copy of press release titled as IndusInd Bank signs MoU with National Small Industries Corporation (NSIC) to Strengthen Credit Access for MSMEs .".
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IndusInd Bank has signed a Memorandum of Understanding (MoU) with the National Small Industries Corporation (NSIC), a Government of India enterprise under the Ministry of MSME. The partnership aims to accelerate credit delivery to over 6.7 crore Udyam-registered Micro, Small and Medium Enterprises (MSMEs) across India. Under the agreement, the bank will offer customized banking solutions including working capital, term loans, and structured credit facilities to NSIC-associated MSMEs. The MoU was signed in New Delhi in the presence of Union Cabinet Minister Jitan Ram Manjhi and other senior government and NSIC officials. IndusInd Bank currently serves around 42 million customers through 3,110 branches and 3,052 ATMs as of June 30, 2025.
This is a positive strategic development that could expand IndusInd Bank's MSME lending portfolio and customer base over the medium term. However, it is an MoU rather than a binding commercial agreement, so immediate financial impact may be limited. Shareholders should view this as part of the bank's ongoing MSME growth strategy.