Latest news with #AICSTPINEXT
Time of India
19-05-2025
- Business
- Time of India
IndusInd Bank signs pact to support early-stage startups
IndusInd Bank on Monday said it has signed a pact with AIC STPINEXT to provide early-stage startups and MSMEs essential financial solutions and structural support. AIC STPINEXT is a special purpose vehicle of Software Technology Parks of India (STPI) under the Ministry of Electronics and Information Technology (MeitY). "Under this collaboration, IndusInd Bank will deliver a range of tailored banking solutions to support early-stage startups associated with STPI/STPINEXT. "The Bank will offer a specialized Current Account product with no quarterly average balance requirement, making it easier for startups to manage their finances," IndusInd Bank said in a regulatory filing. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Additionally, the Bank will offer support such as expert guidance, and conduct workshops around financial management including banking basics, equity infusion, Employee Stock Ownership Plan (Esops), segment-based funding etc. To further support operational efficiency, the bank will offer payroll and attendance management services to early-stage startups at no cost. Live Events Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Shares of IndusInd Bank were trading at Rs 782.70, up 0.05 per cent over previous close on BSE.
Business Upturn
19-05-2025
- Business
- Business Upturn
IndusInd Bank signs MoU with AIC STPINEXT to boost India's startup ecosystem
By Aman Shukla Published on May 19, 2025, 11:00 IST IndusInd Bank has entered into a Memorandum of Understanding (MoU) with AIC STPINEXT, an initiative of the Software Technology Parks of India (STPI) under the Ministry of Electronics and Information Technology (MeitY). This collaboration aims to support early-stage start-ups and micro, small, and medium enterprises (MSMEs) by providing them with essential financial services and developmental support. As part of the collaboration, IndusInd Bank will offer a customized current account designed specifically for start-ups. This account will not require a minimum quarterly average balance, thereby reducing financial burdens for new businesses. The bank will also extend value-added services including payroll and attendance management tools, offered at no cost, to enhance operational efficiency for participating start-ups. Beyond banking products, the collaboration will include guidance and educational workshops on topics such as financial planning, funding strategies, equity management, and employee stock options (ESOPs). These initiatives are intended to equip entrepreneurs with the financial literacy and tools needed to build and scale sustainable businesses. This MoU marks a joint effort to strengthen India's start-up ecosystem by connecting innovative ventures with financial infrastructure and mentorship. Through this association, both IndusInd Bank and AIC STPINEXT aim to foster a supportive environment where innovation can develop and contribute to broader economic growth. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
