IndusInd Bank has launched a corporate credit card linked to customers' existing overdraft (OD) and cash credit (CC) accounts, allowing businesses to use sanctioned working capital limits for card payments. According to reports from CNBC TV18, The Hindu BusinessLine, and Business Standard, the card does not require a separate credit limit or billing cycle, with transactions drawing directly from the linked OD or CC account. The product was launched on September 11, 2026, as part of IndusInd Bank's ongoing commitment to leveraging digital capabilities to provide innovative solutions for businesses. The card is now available to eligible IndusInd Bank business customers nationwide and will be launched on the National Payments Corporation of India (NPCI) RuPay, Mastercard and Visa networks in India. The card enables real-time utilisation of sanctioned OD and CC limits and combines business spending with existing working capital facilities.
The card allows businesses to make online and offline payments using their sanctioned OD or CC limits, as reported by CNBC TV18, The Hindu BusinessLine, and Business Standard. Cardholders can set or modify daily transaction limits, while businesses can use the card for routine expenses, vendor payments and other operational spending. The bank said the arrangement is intended to simplify cash flow tracking and reduce manual reconciliation. The product platform is powered by PropelGo Technologies and enables real-time utilisation of sanctioned OD and CC limits. Additionally, the card provides centralised expense management and transaction controls for enhanced business operations, with the integration allowing businesses to manage their day-to-day expenses directly from their working capital lines. The card offers strong transaction controls enabling card holders to set or modify daily transaction limits anytime, ensuring greater convenience and stronger financial discipline.
According to market analysis, IndusInd Bank's decision to link corporate credit cards directly to active Overdraft and Cash Credit facilities represents a smart structural play that eliminates traditional administrative overhead and reconciliation challenges. By embedding transaction capabilities straight into existing working capital lines, the bank lowers friction for small and medium enterprises (SMEs) while potentially boosting active limit utilization. This innovative channel should help drive higher transactional fee income through corporate payments without incurring incremental credit risks, given that the underlying limits are already pre-sanctioned and collateralized. The product positions IndusInd Bank competitively against peers offering standard business cards and can attract high-volume MSME business accounts, driving sticky current account balances and credit line utilization. As per The Hindu BusinessLine, Executive Director Jagdeep Mallareddy emphasized that the card extends the utility of working capital limits into everyday payments, improving operational efficiency for businesses and MSMEs.
IndusInd Bank reported a consolidated net profit of ₹1,037 crore in Q1 FY27, registering a 72% year-on-year growth from ₹604 crore in Q1 FY26, as reported by CNBC TV18. Net Interest Income (NII) reached ₹4,685 crore, up 1% year-on-year compared to ₹4,640 crore in the corresponding quarter of the previous year. Operating expenses declined to ₹3,698 crore in Q1 FY27 compared to Q1 FY26. However, total income from operations declined to ₹6,471 crore from ₹6,797 crore in the corresponding quarter of the previous year. Shares of the lender were trading at ₹976.40, down 1.70% following the results announcement. The strong Q1 FY27 performance reflects the bank's recovery from previous microfinance-related governance and accounting issues.
