IndusInd Bank board has approved a proposal to raise up to Rs 20,000 crore in debt on a private placement basis to fund its business growth. As on March 31, the capital adequacy ratio of the bank stood at 18.42% (tier-I capital being at 16.80% and tier-II capital at 1.62%) as percentage of its risk-weighted assets. The fund-raising plan is subject […]
Mahagram (Rural NEO Bank) has signed a partnership with the IndusInd Bank to digitize the nation’s payment ecosystem and provide a wider scope to transact for its customers in rural India. Aim: To boost financial inclusion, encourage socio-economic development, mitigate the risks of a shadow economy, and accelerate the growth of a cashless society. Mahagram was founded in
IndusInd Bank ties up with Mahagram to develop digital payments system Read More »
Airtel Payments Bank has partnered with IndusInd Bank to offer fixed deposit (FD) facilities to its customers. A customer can open FD of Rs 500 up to Rs 190,000 on the Airtel Thanks app. With this partnership, customers of Airtel Payments Bank savings account will get an interest rate of up to 6.5 %p.a. and senior citizens will get an additional 0.5% on all fixed
Airtel Payments Bank offers FD Facility with IndusInd Bank Read More »
IndusInd Bank has been empaneled by the SFAC to facilitate digital collection and settlement services on e-NAM portal. Under this arrangement, the bank will offer an array of transaction services through digital modes including multi-net banking , debit card, NEFT, RTGS, IMPS and UPI to the buyer and seller. As of January 2022, there are over 1.7 crore farmers and more than
IndusInd Bank to facilitate digital transactions on e-NAM Read More »
IndusInd Bank has announced the launch of ‘Green Fixed Deposits’ where the deposit proceeds will be used to finance projects and firms supporting the United Nations Sustainable Development Goals (SDGs). IndusInd Bank is amongst few banks globally, to bring forth this proposition, thereby integrating SDG into a regular fixed deposit product. . These deposits will
IndusInd Bank has launched ‘Indus Merchant Solutions’ a mobile application (app) to enable merchants, retailers, and professionals to carry out banking transactions digitally, on a single platform. It will enable merchants and retailers to undertake an array of activities such as accept instant cashless payments on mobile phones from customers through multiple digital modes. Any current account
