Indusind Bank Limited has informed the Exchange regarding a press release dated August 11, 2025, titled "IndusInd Bank Launches Indus StartUp Banking to Empower Founders .".
INDUSINDBK · price
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IndusInd Bank has launched a new dedicated banking programme called 'Indus StartUp Banking' aimed at early-stage startups under 10 years of vintage. The programme offers a full suite of services including free payment gateway, free PoS installation, 3-year waiver on non-maintenance charges for current accounts, access to 250+ APIs via a developer portal, payments and collections solutions, corporate salary accounts, and beyond-banking services such as tax filing, legal advisory, HRMS, and ESOP management. Founders can also access premium PIONEER lounges in 8 cities and exclusive personal banking privileges. The bank is leveraging India's large startup ecosystem (over 1.75 lakh DPIIT-recognised startups) and its existing partnerships with AIC STPINEXT, DPIIT-Startup India, and IIM Lucknow EIC.
This is a strategic growth initiative to capture wallet share in India's expanding startup segment, potentially boosting fee income from transaction banking, FX, and lending services over the medium term. For shareholders, it signals management's focus on growing the bank's young customer base but is unlikely to move the stock materially in the near term.