IndusInd Bank was among the first new generation private sector banks that obtained a license in 1994 to drive the process of reforms in the post liberalisation era in India. Conceptualised by Srichand P. Hinduja, Chairman of the Hinduja Group, IndusInd Bank was born from his vision to use collective contributions from the worldwide non-resident Indian (NRI) community towards social and economic development of the country.
IndusInd Bank derives its name and inspiration from the Indus Valley Civilisation – a culture described as one of the greatest in the ancient world combining a spirit of innovation with sound business and trade practices. IndusInd Bank has grown ceaselessly and dynamically as an organisation driven by a sincere zeal to give its customers banking services and products at par with the highest quality standards in the industry.
The Bank believes in driving its business through technology. It enjoys clearing bank status for both major stock exchanges – BSE and NSE – and three major commodity exchanges in the country – MCX, NCDEX, and NMCE. IndusInd Bank also offers DP facilities for stock and commodity segments. The Bank has been bestowed with the mandate of being a Settlement Banker for six tea auction centres. IndusInd Bank has become one of the fastest-growing banks in the Indian banking sector today with its expanding branch network. The Bank also has two representative offices in London and Dubai.
IndusInd Bank restructured its management team in the year 2008 and brought on board a seasoned team of banking professionals. Leading this team of senior management is Romesh Sobti, who joined as Managing Director (MD) and Chief Executive Officer (CEO). Sobti joined the Bank with enriching banking experience of 33 years in large state owned and multinational banks including ABN AMRO (now renamed Royal Bank of Scotland), ANZ Grindlays Bank and the State Bank of India.
All the core executive team members of the Bank hold top professional qualifications along with relevant expertise in the financial banking sector.
IndusInd Bank functions out of various Business Units that work seamlessly to ensure quality in service at every stage of its Banking operations. These Business units are:
Retail / Consumer Banking: Responsible for lending and deposits from retail customers by providing a full range of services ranging from savings accounts to wealth management and credit card. The Consumer Finance Division (CFD) extends asset-backed financing for a wide range of vehicles, spanning across heavy commercial vehicles, cars, three wheelers, two wheelers, etc. Besides, specialty construction equipments like tippers, cranes, excavators and loaders are also financed.
Corporate and Commercial Banking: Comprises of four Strategic Business Units (SBUs) viz Corporate and Investment Banking, Commercial Banking, Business Banking and the Financial Institutions and Public Sector SBUs.
Global Markets Group: This unit has three functional verticals viz the Balance Sheet and Asset Liability Management Desk, Corporate FX Unit and the Proprietary Trading Unit, with a mix of support and business functions.
Transaction Banking: Transaction Banking provides solutions under Cash Management Services, Trade Services, Supply Chain Financing, Commodity Financing, Global Remittances and Capital & Commodity Markets.
CMO Asia, Singapore, 2016
Fingerprint Banking – Social Media & Digital Marketing Excellence Awards 2016 CMO Asia, Singapore
Spikes, Asia 2016
Awarded for best Product Innovation and Leveraging Digital - Fingerprint Banking Campaign at Spikes Asia, 2016.
- Only Indian bank to win at this symposium.
- Award given away by Mr. Anil Kapoor, Indian Film Actor and Celebrity
Indian Marketing Awards, 2016
Bagged a Silver award in Indian Marketing Awards held on 2nd December, Gurgaon
Best Social Media Brands Awards, Social Samosa
Bagged Gold in Best Social Media Brand Award from Social Samosa in the BFSI category
CMO Asia, Singapore, 2017
Bagged Retail Excellence Award in the BFSI sector for indusforex.com in 2017
CDO CONVERGE AWARD
Won CDO Converge Award for the Best Integrated Digital Campaign - Jeetkahalla
CSR Journal, Excellence Award, 2017
'IndusInd Bank Para Champions Programme', in association with GoSports Foundation, has been chosen for the Excellence Award 2017 in the 'Sports' category by CSR Journal
Top 50 Most Valuable Brands – Kantar Millward Brown's Study
Ranked #12 in Top 50 Most Valuable Indian brands with a 32% increase in brand value over 2016
- 'Fastest Growing Bank – Mid-size, Rank 1' under India's Best Banks 2012, Knowledge Support-PwC by Business World
- IBA Banking Technology Awards
1st Runner- Up
- Best Risk Management & IT Security
- Best Use of Technology in training & e-Learning
- Best Online Bank
- Best use of Business Intelligence
- Best use of Mobility technology in Banking
- Sunday Standard Finwiz 2012 – Best Bankers' Awards
- Best Private Sector Banker (Category – Medium)
Romesh Sobti, MD & CEO, IndusInd Bank Ltd.
- Best Indian Banker (Category – Medium)
Romesh Sobti, MD & CEO, IndusInd Bank Ltd.
- Institute for Development and Research in Banking Technology (IDRBT)
- Best Bank award among small banks for 'IT for Operational Effectiveness'
- CIO Magazine – Top Green IT Enterprise Award 2012
- Panasonic Green Globe foundation Award 2012 in 'Business Enterprise Services' (UNEP/TERI/KPMG)
- NASSCOM IT User Award 2012 for 'Environmental Sustainability' (Frost & Sullivan)
- The Confederation of Indian Industries (CII) Environmental Best Practice Award 2012 for 'Most Innovative Project'
- 'Most Improved Bank Performance of the Year' at the Financial Leadership Awards 2012 (Bloomberg UTV)
- Winner of India's 'Best Mid-Sized Bank' award by Business World–PwC Best Banks Survey and Business Today–KPMG Best Banks Survey
- 'Star Brand 2011' ICMR Star Brands of India Survey
- 'Best Bank in New Generation Category' by the State Forum of Bankers Club, Kerala
- MITR – 50 Marketing & IT Recognition Program among top 50 brands (Paul Writer & IBM)
At IndusInd Bank, we believe in providing responsive and innovative solutions by perceiving customer needs and providing market first products and services, surpassing those provided by the best in the world.
Staying true to our pedigree, some of the unique products and services developed by us are:
365 Days Banking: No Sundays, no holidays. Select IndusInd Bank branches in the country are available to you, all 365 days a year.
Choice Money ATM: Get currency notes of your choice, every time you withdraw money from IndusInd Bank ATMs.
Check-In-Cheque: This facility enables the scanned images of the cheques issued by customers to appear on their account statement with the signature masked. This helps customers to keep a perfect record of cheques issued.
Cash-On-Mobile: This facility enables customers to transfer money to anybody (including themselves) – irrespective of whether the beneficiary has an IndusInd Bank account or not – from the mobile application to the beneficiary's mobile number. Beneficiaries can withdraw funds from IndusInd Bank ATMs without using their debit or ATM card.
Direct Connect: A Phone Banking service which allows IndusInd Bank exclusive customers to speak to the Phone Banking Executive directly without going through the IVR.
Quick Redeem Service: IndusInd Bank Credit Card customers can now redeem their Reward Points on every transaction instantly by sending an SMS.
While our innovations ensure a delightful experience for all our customers, we also provide a bouquet of other banking services which make us a full service banking institution. IndusInd Bank provides a wide array of products and services to its consumer and corporate clients. Some top line products in our kitty are premium savings accounts, current accounts, attractive fixed deposit rates, debit card programmes with usage related benefits, children accounts, sweep in /sweep out account, Exim accounts, NRI accounts with assist services, wide range of credit cards and loan against property. IndusInd Bank also has a strategic tie-up with HDFC Ltd. to issue home loans from its branches.
'ICRA AA' for Lower Tier II subordinate debt program and 'ICRA AA-' for Upper Tier II bond program by ICRA. 'CRISIL A1+' for certificate of deposit program by CRISIL. 'CARE AA' for Lower Tier II subordinate debt program by CARE. 'Fitch AA-' for Long Term Debt Instruments and 'Fitch A1+' for Short Term Debt Instruments by Fitch Ratings.
Enquiries can be made via:
IndusInd Bank Limited
8th Floor, Tower 1, One India Bulls Centre
841, Senapati Bapat Marg
Elphinstone Road, Mumbai - 400013
Phone: +91 22 24231999
Fax: +91 22 24231998