IndusInd Bank will hold a meeting of the Board of Directors of the Company on 25 April 2024.Powered by Capital Market - Live News

IndusInd Bank today announced the launch of its contactless payments wearables, `Indus PayWear,` India`s first All-in-One tokenizable wearables for both debit and credit cards exclusively on Mastercard, with the offering to be extended to other card networks shortly. Indus PayWear is all set to revolutionize the payment experience by allowing users to effortlessly tokenize their IndusInd Bank credit or debit card onto a chip-enabled wearable device. This will facilitate swift and secure tap-and-pay transactions at any contactless Point-of-Sale (PoS) terminal across the globe, eliminating the need for a physical card or even a payment app for purchases. The three versatile wearables, i.e. ring, watch clasp, and stickers, cater to diverse preferences of customers, with an affordable price ranging from Rs. 499 to Rs. 2999. Empowered by a dedicated mobile application, Indus PayWear enables seamless DIY setup of the cards on the wearable by the customer. The Indus PayWear mobile app allows the customer to easily switch between cards, thereby making it a truly �All-in-One� wearable. In addition, the app provides transaction monitoring and efficient management/blocking of the wearable device for enhanced security. Security is paramount in the design of IndusPayWear, utilizing advanced tokenization technology that replaces actual card details with unique `tokens` to bolster the safety and security of every transaction conducted through the wearable. Furthermore, Indus PayWear transactions offer the rewards and security of the underlying debit or credit card. While transactions below Rs. 5000 are seamlessly done as a tap-and-pay using the wearable, transactions exceeding Rs. 5000 will necessitate the added security of the PIN of the linked card to be entered on the PoS machine, as per RBI guidelines.Powered by Capital Market - Live News

IndusInd Bank has allotted 55,122 equity shares under ESOP on 01 March 2024. The paid up share capital of the Bank has accordingly increased from. Rs.7,782,296,870 (778,229,687 equity shares of Rs.10/- each) to Rs. 7,782,848,090 (778,284,809 equity shares of Rs.10/-each).Powered by Capital Market - Live News

IndusInd Bank has allotted 49,010 equity shares on 22 February 2024 under ESOS. The paid up equity share capital has accordingly increased from. Rs.7,781,806,770(778,180,677 equity shares of Rs.10/- each) to Rs. 7,782,296,870 (778,229,687 equity shares of Rs.10/-each). Powered by Capital Market - Live News

IndusInd Bank and Bharat Financial Inclusion (100% subsidiary of IndusInd Bank) have signed a Memorandum of Understanding (MoU) with the State Government of Uttar Pradesh to focus on livestock healthcare management and welfare in the Western Uttar Pradesh region through their social initiative, Bharat Sanjeevani Program. Through this association, IndusInd Bank and Bharat Financial Inclusion (100% subsidiary of IndusInd Bank) will extend comprehensive operational support for the newly established Cow Sanctuary in Muzaffarnagar and a doorstep tele-medicine and mobile veterinary service under the CSR umbrella - Sattvam. Bharat Sanjeevani Program, a CSR program by IndusInd Bank and Bharat Financial Inclusion (100% subsidiary of IndusInd Bank), aims to aid the Cow Sanctuary in Muzaffarnagar, a landmark initiative by the Government of India. The sanctuary is dedicated to providing care for 5,000 destitute cattle initially, and will be expanded in a phase-wise manner. Concurrently, in collaboration with the Harit Pradesh Milk Producer Company (HPMPC) and promoted by the National Dairy Development Board (NDDB), the program will introduce doorstep telemedicine and mobile veterinary services in seven districts of Western Uttar Pradesh, i.e., Muzaffarnagar, Meerut, Bulandshahr, Saharanpur, Hapur, Shamli, and Bijnor. Additionally, the initiative encompasses a centralized call center in Muzaffarnagar, deploying professionals, medicines, and a mobile app for farmers, enabling livestock farmers within these districts to access mobile veterinary services through a toll-free number.Powered by Capital Market - Live News