IndusInd Bank Expands PIONEER Branches to Boost Wealth Management for HNIs

IndusInd Bank has announced the expansion of its premium PIONEER branch network by launching five new branches in Delhi-NCR, Kochi, Surat, and Goa. With this, the total number of PIONEER branches has increased to 15 across major cities. This move is part of the bank’s broader strategy to grow its affluent banking and wealth management services aimed at high-net-worth individuals (HNIs) and ultra-HNIs.

A Personalised Banking Experience

The PIONEER branches offer a tailored, high-touch banking experience. Each customer is supported by a dedicated Relationship Manager (RM) and Service RM to handle all their financial needs. The model is backed by over 900 trained RMs, 150+ Service RMs, and more than 100 specialists. 

Customers also benefit from 'INDIE'—the bank’s digital platform—providing easy access to their relationship team, real-time alerts, and convenient services like doorstep banking and card upgrades.

Strong Growth in Wealth Business

According to Mr. Samir Dewan, Head – Affluent Banking and International Business, this expansion reflects the bank’s commitment to a client-focused, expertise-driven experience. He noted that IndusInd’s affluent banking segment has shown a strong 19% CAGR in Net Relationship Value over the last three years (as of March 2025). The bank aims to double its assets under management (AUM) by continuing investments in people, platforms, and innovation.

Comprehensive Services for Affluent Clients

Beyond day-to-day banking, PIONEER offers a wide range of financial services including lending, investments, legacy planning, global banking, and structured credit. The newly introduced PIONEER Private service offers even more specialised wealth solutions for ultra-HNIs, managed by seasoned private bankers.

A Growing Opportunity in the Wealth Market

India’s HNI population is projected to grow from 7.9 lakh in 2022 to 16.5 lakh by 2027, while ultra-HNIs are expected to rise from 12,000 to 19,000. With increasing demand for customised financial solutions and rising investments in financial assets—even beyond metro cities—IndusInd Bank is well-positioned to tap into this opportunity.

About IndusInd Bank

Celebrating 30 years of operations, IndusInd Bank offers a wide range of financial products, including loans, cards, digital banking, and ESG-focused solutions. It serves over 41 million customers through 3,081 branches and 3,027 ATMs. The bank also has a presence in international markets like London, Dubai, and Abu Dhabi and supports Indian stock exchanges as a clearing and settlement bank.

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IndusInd Bank Share Price Movement

On June 23, 2025, IndusInd Bank share price closed at ₹838.90, down ₹1.35 or 0.16%. During the day, the stock opened at ₹835.20, hit a high of ₹845.00 and a low of ₹826.50. Its market capitalisation stood at ₹65,440 crore, with a P/E ratio of 25.38. The stock’s 52-week high and low were ₹1,521.00 and ₹606.00, respectively.

Conclusion

With the expansion of its PIONEER branch network and a strong digital platform, IndusInd Bank is set to strengthen its position in the wealth management space. Its focus on personalised service, innovation, and growth in Tier 2 cities makes it a key player in India’s fast-growing affluent banking segment.

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