IndusInd Bank announced that it has joined the first edition of the 'Mumbai Fintech Accelerator Programme' backed by the Government of Maharashtra and National Payments Corporation of India (NPCI) as a banking partner. With this, IndusInd Bank aims to partner with the State Government in its effort at making Mumbai a global fintech hub in the coming years.

Ramesh Ganesan, President, IndusInd Bank said, ''IndusInd Bank has always been at the forefront of innovation, leveraging cutting edge technologies towards finding robust, yet simple solutions for our customers. The objective has always been to simplify banking and make it more convenient, by deploying the best of what technology has to offer. Our customer-centric solutions, like the recently launched plastic payment innovations in the form of the 'IndusInd Bank Duo Card' (India's first 2 EMV chip debit-cum-credit card) and the 'IndusInd Bank Nexxt Credit Card' (India's first interactive credit card, with buttons), reflect our ability to nurture innovation and embrace technology. This philosophy has been behind our decision to join the Maharashtra Government led Fintech Accelerator.''

Shares of the bank gained Rs 2.05, or 0.14%, to trade at Rs 1,488.10. The total volume of shares traded was 30,738 at the BSE (10.31 a.m., Monday).