Indusind Bank Limited has informed the Exchange regarding a press release dated Jun 05, 2025, titled "IndusInd Bank Brings Hyper-Personalized Banking Experience to Over 15 Million Retail Banking Customers with INDIE App".
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IndusInd Bank has extended its INDIE digital banking super-app to its entire retail customer base, targeting migration of over 15 million accounts onto the platform. The app combines savings, fixed deposits, loans, credit cards, and mutual funds into a single interface with features like Numberless Debit Cards and Virtual Single-Use Cards. INDIE has already onboarded 1.4 million new accounts and reports a 50% monthly active user rate, well above the industry average of 40%. The app holds 4.6 and 4.7 ratings on Google Play and Apple App Store respectively, with 17 million+ Android downloads and 6.7 lakh iOS downloads, ranking among the top three financial apps on iOS.
This is a product expansion announcement highlighting digital growth and customer engagement metrics. It signals the bank's push to deepen digital adoption and cross-sell products, which could support fee income growth, though no financial guidance or material numbers affecting earnings are provided.