IndusInd Bank signs MOU with AIC STPINEXT to Boost Startups in India

On May 19, 2025, IndusInd Bank signed an MoU (Memorandum of Understanding) with AIC STPINEXT, a special initiative by the Software Technology Parks of India (STPI) under the Ministry of Electronics and IT (MeitY). This partnership aims to help early-stage startups and MSMEs (Micro, Small, and Medium Enterprises) with the financial and mentoring support they need to grow and succeed.

Support for Startups through Customised Banking Services

As part of this collaboration, IndusInd Bank will offer a wide range of banking services tailored to the needs of early-stage startups working with STPI/STPINEXT. This includes a special current account with no minimum balance requirement, making banking more accessible for startups.

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Workshops and Expert Mentoring

Startups will also benefit from mentorship sessions and financial literacy workshops, where experts will guide them on key topics such as banking basics, raising equity capital, employee stock options (ESOPs), and industry-specific funding opportunities.

Free Payroll and Attendance Management

To help startups operate more efficiently, IndusInd Bank Ltd will offer payroll and attendance management services at no cost. This move is expected to significantly reduce the operational burden on young companies.

Joint Mission to Strengthen India’s Startup Ecosystem

This MoU reflects the shared vision of IndusInd Bank Ltd and AIC STPINEXT to support innovation, entrepreneurship, and sustainable business practices. The goal is to create a vibrant ecosystem where new ideas can flourish and positively impact India’s growth.

About IndusInd Bank

IndusInd Bank has been a leader in innovation in Indian banking for over 30 years. It offers a wide range of services to government bodies, PSUs, individual customers, and corporates. Its offerings include loans, digital banking, vehicle financing, NRI services, and ESG-linked products. 

As of May 19, 2025, IndusInd Bank share price (NSE: INDUSINDBK) is trading at ₹783.15, up 0.38% for the day. The stock opened at ₹779.90 and hit an intraday high of ₹791.95 and a low of ₹770.30. It has a market capitalisation of ₹61,000 crore, a price-to-earnings (P/E) ratio of 8.41, and offers a dividend yield of 2.11%. The quarterly dividend amount is ₹4.13. Over the past 52 weeks, the stock has touched a high of ₹1,550.00 and a low of ₹606.00.

Conclusion

This partnership marks a significant step in strengthening India’s innovation landscape. By combining financial expertise with structural support, IndusInd Bank and AIC STPINEXT are paving the way for a new generation of entrepreneurs to thrive and scale. This initiative not only supports economic development but also reinforces India's position as a global startup hub.

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