IndusInd Bank, which serves around 42 million customers through over 3,100 branches as of June 2026, carries domestic ratings of CRISIL AA+ and IND AA+ for its bond programmes.
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IndusInd Bank on Friday launched a corporate credit card directly linked to businesses’ existing overdraft (OD) and cash credit (CC) accounts, allowing companies to spend against sanctioned working capital limits without needing a separate credit line or billing cycle.The card, available nationwide to eligible IndusInd Bank business customers, draws real-time from OD or CC accounts for both online and offline payments. It will run on four networks, RuPay, Mastercard, Visa, and the NPCI platform, with the product infrastructure powered by PropelGo Technologies.The bank positions the product as a working capital management tool, letting businesses use sanctioned limits for vendor payments, routine operational expenses, and other spends while tracking everything through a centralised expense dashboard. Cardholders can set and modify daily transaction limits, and the bank says the setup reduces manual reconciliation.Executive Director Jagdeep Mallareddy said the card extends the utility of working capital limits into everyday payments, improving operational efficiency for businesses and MSMEs.Key features include no separate credit limit or billing cycle, centralised expense management, and flexible usage across routine business spending.IndusInd Bank, which serves around 42 million customers through over 3,100 branches as of June 2026, carries domestic ratings of CRISIL AA+ and IND AA+ for its bond programmes. The bank has operated for 32 years and holds clearing bank status for BSE and NSE.Published on September 11, 2026
