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IndusInd Bank Ltd

IndusInd Bank Ltd is a new generation bank headquartered in Mumbai. The bank provides a range of transactional, commercial and electronic financial products and services to customers from different segments of the society.

About IndusInd Bank Ltd

IndusInd Bank Ltd was founded in 1994. The bank was incorporated in 1994 by the then Union Finance Minister, Dr. Manmohan Singh. The founder of the bank was Mr. Srichand P. Hinduja, an eminent businessman and chief of the Hinduja Group. The NRI community also played a significant role behind the formation of the bank by making joint contributions.

IndusInd Bank Ltd. is the oldest banking institution among the new generation banks in India. At present, the Managing Director & CEO of IndusInd Bank Ltd. is Mr. Romesh Sobti.

The bank began its operations with a capital base of Rs. 1,000 million. The amount was equivalent to U.S. $32 million at the existing exchange rate. Out of this amount, Rs. 400 million was supplied by the Non-resident Indians and the rest 600 million was collected through private placement offered by Indian residents.

The bank services both corporate and individual clients with a strong technology interface assisting multi-channel delivery capacities. The bank boasts a huge client base of 2,000,000 people and has a countrywide network of 209 branches and 427 ATMs. The bank has a dominant presence in 168 areas in 28 states and union territories in India.

The total business of IndusInd Bank (deposits along with loans) went past the Rs. 43,000 crore mark in 2009. The bank is associated with many other banks offering accessibility to over 21,000 ATMs for its clients. It works as a clearing bank for two main stock exchanges: the NSE and the BSE and three important commodity exchanges in India - NCDEX, MCX and NMCE.

IndusInd Bank also works as a settlement banker for tea auctions held at Siliguri, Kolkata, Coimbatore, Coonoor and Guwahati.

The bank is the first to launch a solar power ATM in Maharashtra. This was a landmark effort in the area of Green Banking.

Representative offices of IndusInd Bank

The representative offices of the bank are located in the following places:

  1. London
  2. Dubai

IndusInd Bank Ltd Products and Services

The products and services of IndusInd Bank Ltd are available in the following segments:

Personal Banking

  1. Accounts
  2. Loans
  3. Deposits
  4. Cards

Corporate Banking

  1. Small & Medium Enterprises
  2. Large Indian Companies
  3. MSE-OTS Scheme
  4. Supply Chain Management

Wealth Management Services

  1. Portfolio Management Services
  2. Insurance
  3. Investments
  4. Suvarna Mudra

Investment Banking

  1. M&A Advisory
  2. Private Placement
  3. Debt Syndication
  4. Business Strategy, valuation & restructuring

International Banking

  1. SWIFT
  2. Correspondent Banking
  3. Facilities to Exporters
  4. Advisory Services
  1. RFC Account for Residents
  2. Trade Finance
  3. Suvarna Mudra
  4. Gold Banking

Capital & Commodities Markets

  1. Commodities Exchange Cell
  2. Stock Exchange Cell
  3. Debenture Trustee
  4. Banker to Public/Rights Issues
  5. Loan Against Demat Shares
  6. IPO Funding

Online Banking

  1. IndusNet - Internet Banking
  2. VISA Money Transfer
  3. IndusNet Online Payments
  4. ATMs
  1. E-mail Statements
  2. Mobile Banking
  3. IndusNet Bill Payments
  4. Freedom 3-in-1 account

Global Markets Group

  1. Money Market Desk
  2. Foreign Exchange Desk
  3. Derivatives Desk

NRI Services

  1. Remittances
  2. NRI Savings Accounts
  3. Fixed Deposits
  4. Investments
  5. Value Added Services

IndusInd Bank Ltd Contact Details

IndusInd Bank Ltd.

Corporate Office
8th Floor, Tower 1,
One Indiabulls Centre,
841, S. B. Marg, Elphinstone Road,
Mumbai - 400 013

Tel: (022) 24231999/30493999
Fax: (022) 24231998/30493998

Email: mktg@indusind.com


IndusInd Bank Ltd


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