Established in 1994 by Srichand P Hinduja, the name ‘IndusInd’ Bank was inspired by the Indus Valley Civilisation - one of the greatest cultural example of a combination of innovation with sound business and trade practices. Over the years, the bank have grown ceaselessly and dynamically driven by a zeal to offer its customers banking services at par with the highest quality standards in the industry.
IndusInd Bank Limited was incorporated in 1994 under the Companies Act, 1956 and is licensed by the Reserve Bank of India (RBI) to operate as a commercial bank under the Banking Regulation Act, 1949. IndusInd Bank is a universal Bank with a widespread banking footprint with many customers, at various distribution points with numerous branches across the country. With ‘Sustainability’ at the core, the bank offer a wide array of products and services for individuals and corporates including microfinance, personal loans, personal and & commercial vehicles loans, credit cards and SME loans. The bank is also a preferred banking partner for various Government entities, PSUs and large corporates.
Business area of the bank
The Bank is publicly held and provides a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations. The Bank operates in India including at the International Financial Service Centres in India.
Holding, Subsidiary and Associate Companies
Awards and Accolades
The Bank has received many awards and accolades for excellence in managing IT Risk and Cyber security initiatives, digital payment facilitator, financial inclusion and CSR initiatives, safety and security, best data quality and information technology and for innovations, etc. Some of them are:
Asia’s best partner bank, NBFIs segment for transaction banking IDC Financial insights- Singapore (2019).
Best digital payment facilitator, World Digital Marketing Congress & CMO Asia 2019.
Most innovative money transfer product- India digital awards IAMAI 2019.
Best bank- Payment and digital initiative world BFSI Congress & awards.
Triple A Awards, Hong Kong- best cash management solution for Asset triple A awards - Hong Kong 2019.
Triple A Awards, Hong Kong- best payment and collection solution- (Financial services Bajaj Finance, Aditya Birla Capital and Ebixcash).
Triple A Awards, Hong Kong- best payment and collection solution- New Economy (Star Agribazaar & Indofil Industries).
Triple A Awards, Hong Kong-best country solutions - cash management (Thomas Cook) 2018.
Triple A Awards, Hong Kong- best country solutions - capital market (Samco Securities) 2018.
Triple A Awards, Hong Kong- best country solutions - Best e- solution, 2018-2017.
Triple A Awards, Hong Kong- best bank in India - PSU 2017, 2016.
History and Milestones
IndusInd Bank launches Indus Forex Card
Suzuki Two-Wheelers and IndusInd Bank tie up for Retail Finance
IndusInd Bank enhances its core banking system to Finacle 10.2 version
Best Bank Award Customer Management and Business Intelligence Initiatives among Small Banks 2012-13 by IDRBT
IndusInd Bank and American Express announce strategic partnership with the launch of the new IndusInd Bank Iconia American Express Card
IndusInd Bank inaugurates India’s first Digital Branch at Rapid Metro station, Gurgaon
IndusInd Bank and Jet Airways announce strategic partnership with the launch of the new Jet Airways IndusInd Bank Credit Cards
IndusInd Bank launches Video Branch
Awarded Best Mid-size Bank and Fastest Growing Mid-size Bank Business World - PwC Best Bank Survey 2014
Indusind Bank has inked an agreement with Worldpay to offer domestic acquiring services in India
Indusind Bank has entered into an agreement to acquire Diamond & Jewellery financing business and related deposit portfolio of Royal Bank of Scotland N.V. in India
Induslnd Bank launched the Chelsea FC Co-Brand Credit Card
Induslnd Bank launches ''Onthego'' Social banking
Indusind Bank completes acquisition of Royal Bank of Scotland’s Diamond & Jewellery Financing business in India
IndusInd has launched customer responsive service called QuickPay, which allows its customers to send money instantly to their personal contacts and/or business parties through SMS, E-mail and social media platforms
IndusInd Bank partners with PayU India to revolutionize Digital Banking & Payments
IndusInd Bank signs MoU with Indian army
IndusInd Bank launches 'IndusInd For Sports'- a non-banking sports vertical
IndusInd Bank opens IFSC Banking Unit at GIFT City
Indusind Bank sings 3 year strategic agreement with IBM
IndusInd Bank Paytm partners with Indusind Bank to offer financing options for booking of two-wheelers
IndusInd Bank enters into an agreement to acquire IL&FS Ltd’s Securities Services Subsidiary
IndusInd Bank launches IndusForex.com - one stop portal for all foreign exchange needs
IndusInd Bank partners with SunTec to roll out GST
IndusInd Bank partners with one of India’s largest CNG provider for cashless payment solutions
IndusInd Bank and Bharat Financial Inclusion Announce Merger
IndusInd Bank partners with Samsung to offer Samsung Pay services to its credit card customers
IndusInd Bank signs a definitive share purchase agreement to acquire IL&FS Securities Services Ltd, the securities services subsidiary of IL&FS
IndusInd Bank Limited receives ‘No-objection’ from NSE, BSE for merger of Bharat Financial Inclusion Limited with IndusInd Bank Limited
IndusInd Bank launches ‘IndusInd Bank Duo Card’ - India’s first two chip debit cum credit card
IndusInd Bank launches ‘IndusInd Bank Nexxt Credit Card’ - India’s first interactive Credit Card with buttons
IndusInd Bank launches co-branded credit card with PAYBACK
IndusInd Bank partners with Government of Maharashtra and NPCI for ‘Mumbai Fintech Accelerator Programme’
IndusInd Bank inaugurates two branches in Kolkata
IndusInd Bank forays into Boisar; inaugurates a branch
IndusInd Bank inaugurates a branch in Sadar Bazar, Delhi
IndusInd Bank inaugurates a branch in Jewar, Uttar Pradesh
IndusInd Bank launches the super-premium ‘IndusInd Bank Celesta American Express Credit Card’ with a host of exclusive features
IndusInd Bank inaugurates a branch in Puducherry; its second in the city
IndusInd Bank inaugurates a branch in Dehradun; its third in the city
IndusInd Bank introduces ‘PIONEER’ Banking - its Wealth Management platform
IndusInd Bank records the ‘highest’ growth in brand value amongst top global banks
IndusInd Bank deploys Mobile ATM in Ahmedabad
IndusInd Bank expands its Video Banking platform; Launches ‘Video KYC’ for savings account and credit card customers
IndusInd Bank launches India’s first mobile app based facility for opening current accounts in a paperless manner
IndusInd Bank completes integration with CRMNEXT across all customer touch points