IndusInd Bank bag award for ‘SME Connect’ category | Techy Kings


MUMBAI : IndusInd Bank Tuesday announced that it has been awarded at the ‘Governance Now 5th India BFSI Conclave & Awards’ under the category — ‘SME Connect’ for starting ‘Indus Credit for Business’.

The award recognizes the Bank’s excellent journey in supporting the SME ecosystem and promoting digital financial inclusion in the country by offering credit to SMEs digitally through the ‘Indus easy credit stack for business’.

The award was received by Charu Sachdeva Mathur, head – Digital Banking and Strategy (Existing Business), IndusInd Bank.

Awards won under the category – ‘SME Connect’ to start ‘Indus Credit for Business’ announced on 12 October 2022.

Governance Now 5th India BFSI Conclave & Awards 2022 recognizes the contribution made by the BFSI and Fintech sectors in developing and incorporating digital finance in the country. It recognizes the best solutions made possible by emerging technologies that guarantee the continuity and resilience of the industry.

Speaking about the award, Charu Sachdeva Mathur said, “We are honored 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 testament to The Bank’s efforts towards supporting the MSME sector in India by providing small and large ticket size loans to help them grow and run their businesses and further promote the rapid growth of the MSME sector in India.”

With ‘Indus easy credit stack for business’, Indian MSMEs can apply for credit digitally and receive collateral-free loans from banks up to 20 lakhs instantly into their bank accounts.

The platform enables customers to leverage non-traditional digital information such as banking data, GST and reimbursement bureaus and new age scorecards for quick and easy access to financing for the MSME segment for loans between 2 lakh to 2 Crore.

IndusInd Bank, which commenced operations in 1994, caters to both consumer and corporate customers. Its technology platform supports multi-channel delivery capabilities.

As of June 30, 2022, IndusInd Bank has Branches / Banking Branches and ATMs spread across the country’s geographical locations. The bank also has representative offices in London, Dubai and Abu Dhabi.

The Bank believes in driving its business through technology. It enjoys clearing bank status for both the major stock exchanges – BSE and NSE – and major commodity exchanges in the country, including MCX, NCDEX and NMCE. IndusInd Bank was included in the NIFTY 50 benchmark index on 1 April 2013.

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