IndusInd Bank bags 'Governance Now' Award for 'SME Connect' category

IndusInd Bank today announced that it has been awarded at the 'Governance Now 5th India BFSI Conclave & Awards' under the category - 'SME Connect' for initiating 'Indus Credit for Business'. The award acknowledges the Bank's outstanding journey in supporting the SME ecosystem and promoting digital financial inclusion in the country by offering credit to MSMEs digitally through "Indus easy credit stack for business". The award was received by Ms. Charu Sachdeva Mathur, Head - Digital Banking & Strategy (Existing Business), IndusInd Bank.

Governance Now 5th India BFSI Conclave & Awards 2022 recognizes the contributions made by the BFSI and Fintech sector in developing and including digital finance in the country. It recognizes the best solutions made possible by emerging technologies that are assuring industry continuity and resilience.

Speaking about the award, Ms. Charu Sachdeva Mathur, Head - Digital Banking and Strategy (Existing Business), IndusInd Bank, said, "We are honoured to have been recognized for our efforts at the prestigious Governance Now 5th India BFSI Conclave & Awards. IndusInd Bank is committed to accelerating India's economic growth by empowering the MSME sector. This award serves as a testimony to the Bank's efforts towards supporting the MSME sector in India by providing small and large ticket size loans in order to help them expand and run their business and in turn promote accelerated growth of the MSME sector in India."

With "Indus easy credit stack for business," Indian MSMEs can digitally apply for credit and receive a collateral-free loan from the bank of up to 20 lacs immediately into their bank account. The platform enables the customers to leverage non-traditional digital information like banking, GST, and bureau repayment data as well as new age scorecards for quick and simple access to financing for the MSME segment for loans ranging from 2 Lakhs to 2 Crore.

Shares of IndusInd Bank Limited was last trading in BSE at Rs. 1183.95 as compared to the previous close of Rs. 1187.30. The total number of shares traded during the day was 41363 in over 1887 trades.

The stock hit an intraday high of Rs. 1195.95 and intraday low of 1167.00. The net turnover during the day was Rs. 48894723.00.

Source : Equity Bulls

Keywords

IndusIndBank INE095A01012 GovernanceNow 5th IndiaBFSIConclaveandAwards SMEConnect