IndusInd Bank has launched an overdraft and cash credit linked corporate credit card for businesses, aimed at enabling seamless spending, tighter control, and smarter utilisation of working capital. The launch was announced on September 11, 2026.

Product overview

The new corporate credit card is directly linked to existing overdraft and cash credit facilities, allowing businesses to draw on their sanctioned working capital limits through a card-based interface. This integration is designed to streamline how companies access and deploy their working capital in day-to-day operations.

This revolutionary proposition enables the card to operate directly on the customer's existing OD or CC account, eliminating the need for separate credit limits, billing cycles, or standalone reconciliation. By integrating day-to-day business spends with core working capital lines, the solution enables businesses to manage liquidity more efficiently while ensuring complete transparency and control over expenses.

Key features and benefits

The product addresses three core business needs:

• Seamless spending: Businesses can make payments directly against their overdraft or cash credit limits without requiring separate fund transfers.
• Tighter control: The card format provides businesses with enhanced visibility and oversight over expenditure drawn from working capital lines.
• Smarter utilisation: Linking card transactions to existing credit facilities allows companies to optimise the deployment of their sanctioned limits.

Additional features include:

• Direct linkage to OD/CC account: Enabling real-time utilization of sanctioned limits.
• No separate credit limit or billing cycle: Simplifying cash flow tracking.
• Strong transaction controls: Enabling card holders to set or modify daily transaction limits anytime.
• Centralized expense management: Aiding better control and transparency.
• Operational efficiency: Reducing manual processes and reconciliation efforts.
• Flexible usage: For routine business expenses, vendor payments, and operational spends.

What this means for corporate customers

The launch represents an expansion of IndusInd Bank's corporate banking product suite, targeting businesses that already maintain overdraft or cash credit relationships with the bank. By combining the flexibility of a credit card with the structure of working capital financing, the product seeks to reduce friction in corporate payment workflows.

Commenting on the launch, Jagdeep Mallareddy, Executive Director IndusInd Bank, said: "Businesses today, are looking for smarter, more integrated financial solutions that simplify operations, while offering greater control over cash flows. IndusInd Bank's OD/CC linked Corporate Credit Card addresses this need by seamlessly extending the utility of sanctioned working capital limits into payments, driving higher operational efficiency for businesses. This launch reflects the Bank's continued focus on leveraging digital capabilities to deliver innovative solutions that empower businesses and MSMEs to scale with confidence."

The OD/CC-linked Corporate Credit Card enables seamless online and offline payments by drawing directly from sanctioned OD or CC limits. The card will be launched on major card networks in India, including NPCI – RuPay, Mastercard, and Visa. The product platform will be powered by PropelGo Technologies.

IndusInd Bank held a physical analysts and institutional investors meet at the UBS India Summit 2026 in Mumbai on September 10, 2026, comprising one-on-one and group interactions.

Meet overview

The bank confirmed that no unpublished price sensitive information was shared or discussed during the meet. All discussions were based on publicly available documents, and a copy of the investor presentation was made available on the bank's website.

Participating institutions

Twelve institutional investors and asset managers participated in the meet. The following firms were represented:

Regulatory compliance

The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was filed with the National Stock Exchange of India Limited and BSE Limited. The intimation was also hosted on the bank's website.