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	==See also==		==See also==
	~~{{Portal\|Banks}}~~
	* [[Banking in India]]		* [[Banking in India]]
	* [[List of banks in India]]		* [[List of banks in India]]

>DaxServer: Reverting edit(s) by 2409:4060:E85:5066:94BF:8D8:83FE:AE7D (talk) to rev. 1016621834 by BrownHairedGirl: non-constructive (RW 16.1)

2021-04-20T16:48:37Z

Reverting edit(s) by 2409:4060:E85:5066:94BF:8D8:83FE:AE7D (talk) to rev. 1016621834 by BrownHairedGirl: non-constructive (RW 16.1)

New page

{{short description|Indian private sector bank}}
{{Use Indian English|date=November 2020}}
{{Use dmy dates|date=May 2014}}
{{Infobox company
| name = IndusInd Bank Limited
| logo = IndusInd Bank SVG Logo.svg
| logo_size =
| logo_caption = ''We Make You Feel Richer''
| type = [[Public]]
| traded_as = {{NSE|INDUSINDBK}} {{BSE|532187}} [[BSE SENSEX|BSE SENSEX Constituent]] [[NIFTY 50|NSE NIFTY 50 Constituent]]
| industry = [[Banking]] [[Financial service|Financial Services]]
| foundation = {{Start date and age|1994|04||p=yes}}
| founder = [[S. P. Hinduja]]
| key_people = Sumant Kathpalia {{small|([[Managing Director|MD & CEO]])}}<ref>https://www.indusind.com/about-us/people/board-of-directors.html</ref>
| products = [[Credit card]]s, [[Retail banking|Consumer banking]], [[Commercial bank|Corporate banking]], [[Financial services|Finance and Insurance]], [[Mortgage loan]]s, [[Private banking]], [[Wealth management]], [[Investment banking]]
| revenue = {{increase}}{{INRConvert|36002|c}} (2020)<ref name="BalSheet">[https://www.indusind.com/content/dam/indusind-corporate/investor-resource/latest-annual-report/annual-report-2019-20.pdf "Annual Report 2020"] indusind.com (15 March 2020).</ref>
| operating_income = {{increase}}{{INRConvert|10772|c}} (2020)<ref name="BalSheet"/>
| net_income = {{increase}}{{INRConvert|4417|c}} (2020)<ref name="BalSheet"/>
| assets = {{increase}}{{INRConvert|307057|c}} (2020)<ref name="BalSheet"/>
| equity =
| num_employees = 30,674 (2020)<ref name="BalSheet"/>
| ratio = 15.31% <ref name="BalSheet"/>
| location = [[Pune]], [[Maharashtra]]
| hq_location_country = [[India]]
| owner = [[Hinduja Group]]
| subsid = [[Bharat Financial Inclusion|BFIL]]<ref>{{cite news|url=https://www.moneycontrol.com/news/business/stocks/indusind-bank-adds-2-on-nclt-nod-for-merger-with-bfil-3882081.html/amp|title=IndusInd Bank adds 2% on NCLT nod for merger with BFIL|work=moneycontrol|access-date=25 April 2019}}</ref>
| homepage = {{url|https://www.indusind.com/}}
}}
'''IndusInd Bank Limited''' is a new-generation{{ref label|New-generation|a}} Indian bank headquartered in [[Pune]].<ref>{{cite web|url=https://www.indusind.com/content/dam/indusind/AnnualReports/2018-19/2018-19/AnnualReport201819.pdf|title=Annual Report 2018-19|work=www.indusind.com|access-date=16 February 2020}}</ref> The bank offers commercial, transactional and electronic banking products and services. IndusInd Bank was inaugurated in April 1994 by then Union Finance Minister [[Manmohan Singh]].<ref name="AboutUs">{{cite web|url=http://indusind.com/indusind/wcms/en/home/top-links/about-us/our-profile/index.html|title=Vision and Mission}}</ref> IndusInd Bank is the first among the new-generation private banks in India.{{Citation needed|date=November 2020}}

The bank started its operations with ₹100 [[crores]] (10 billion) in capital, of which ₹60 crores were raised by Indian residents and ₹40 crores were raised by [[Non-resident Indian and person of Indian origin|Non-Resident Indians]] (NRI). The bank specializes in retail banking services and is also working on expanding its network of branches all across the country. According to the bank, its name is derived from the [[Indus Valley Civilisation]].<ref>{{cite web|url=http://www.indusind.com/indusind/wcms/en/home/top-links/about-us/our-profile/index.html |title=Indusind Bank Ltd - Profile |publisher=Indusind Bank Ltd |date=25 May 2013 |access-date=25 May 2013 }}</ref>

As on 31 December 2018, IndusInd Bank had 1,558 branches, and 2453 ATMs spread across different geographical locations of the country.<ref>{{Cite web|url=https://www.indusind.com/content/dam/indusind/PressRelease/2018-19/PressRelease-IndusIndBankQ3FY19.pdf|title=IndusInd Bank Q3 Operating Profit at Rs. 2,117 crores|website=IndusInd Bank}}</ref> It also has representative offices in London, Dubai and Abu Dhabi.<ref name="aboutus">{{cite web|url=http://www.indusind.com/indusind/wcms/en/home/top-links/about-us/our-profile/index.html |title=Indusind Bank Limited - Profile |publisher=Indusind Bank Ltd |date=25 May 2013 |access-date=25 May 2013 }}</ref> [[Mumbai]] has the largest number of bank branches followed by [[New Delhi]] and [[Chennai]].<ref>{{cite web|url=http://www.allindiacodes.com/indusind-bank/ |title=Indusind Bank Ltd - Branch Details |publisher=All India Codes |date=25 May 2013 |access-date=25 May 2013 }}</ref> The bank has proposed to double its branch count to 1200 by March 2019.<ref name="Religare Retail Research">{{cite journal|title=IndusInd Retail Research Report - Religare Online|date=23 June 2014|url=http://www.religareonline.com/MediaGalary/religare_images/201406231400186527469-Master-Pick.pdf|access-date=16 September 2014|publisher=Religare Securities}}</ref>

== History ==
The bank began its operations on 17 April 1994 under the chairmanship of [[S. P. Hinduja]] with the primary objective of serving the NRI community.

==Board of directors==
IndusInd Bank has appointed Sumant Kathpalia as the Managing Director and CEO with effect from Tuesday for a period of three years. The appointment was announced as Romesh Sobti retired as the MD & CEO of the Bank on Monday after a 12-year stint.

In a regulatory filing on Monday evening, the bank said that Kathpalia would take charge as 'Additional Director' on Tuesday and would be designated as MD and CEO.

R. Seshasayee, a chartered accountant, is the current chairman of the board. The other members on the board are Rajiv Agarwal, Kanchan Chitale, Shanker Annaswamy, T. T. Ram Mohan, Akila Krishnakumar, Arun Tiwari, and Siraj Chaudhry.<ref>{{cite web|date=25 May 2013|title=Indusind Bank Ltd - Board of Directors|url=http://www.indusind.com/indusind/wcms/en/home/top-links/about-us/board-of-directors/index.html|access-date=25 May 2013|publisher=Indusind Bank Limited}}</ref>

== Banking Services ==

* Branch banking.
* Consumer finance.
* Corporate banking and finance.
* Commercial and transaction banking.
* Cash Management Services (CMS).
* [[Trade Services Utility]] (TSU)
* Depository operations
* Treasury operations
* Wealth management

==See also==
{{Portal|Banks}}
* [[Banking in India]]
* [[List of banks in India]]
* [[Reserve Bank of India]]
* [[Indian Financial System Code]]
* [[List of largest banks]]
* [[List of companies of India]]
* [[Make in India]]
* [[IndusInd Bank Cyber City metro station]]

==Notes==
:{{note|New-generation|a}} The term 'new-generation' refers to banks established after the Reserve Bank of India issued updated licensing guidelines for new private sector banks in 1993.<ref>{{cite web|date=3 January 2001|title=Guidelines on entry of new banks in the private sector|url=https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/18094.pdf|access-date=7 November 2020|website=[[Reserve Bank of India]]}}</ref>

==References==
{{Reflist}}

{{Nifty 200 companies}}
{{CNX Nifty companies}}
{{BSE Sensex}}
{{Banking in India}}

[[Category:Banks established in 1994]]
[[Category:Banks based in Mumbai]]
[[Category:1994 establishments in Maharashtra]]
[[Category:NIFTY 50]]
[[Category:BSE SENSEX]]
[[Category:IndusInd Bank]]
[[Category:Indian companies established in 1994]]

IndusInd Bank - Revision history

TeresaGuercio23: expand references for consistency

CleanupBot II: Removed empty portal template using script

>DaxServer: Reverting edit(s) by 2409:4060:E85:5066:94BF:8D8:83FE:AE7D (talk) to rev. 1016621834 by BrownHairedGirl: non-constructive (RW 16.1)