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INDUSINDBK
Large Cap | Banks
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About IndusInd Bank
History of IndusInd Bank
Established in 1994, IndusInd Bank is one of the leading financial services banks in India. The bank’s name is inspired by the Indus Valley Civilization and is known for its innovative and sound business practices. The bank has grown steadily, dedicated to delivering high-quality banking services to its customers. IndusInd Bank launched its IPO in 1997. IndusInd Bank has more than ~35 million customers in India, including large corporations, individuals, several government entities, and PSUs. They offer various financial services like personal loans, commercial vehicle loans, credit cards, SME loans, etc., to individuals, big corporations, government entities and PSUs. IndusInd Bank has more than 2,606 branches and 3,875 ATMs in India, spread across 1,38,000 villages. The bank also has representative offices in Dubai, London, and Abu Dhabi. They work with a mission to benefit the stakeholders by improving the organisation's sustainability. They aim to become the most user-friendly bank in India with strong financial performance compared to industry standards. IndusInd bank was recognised with several awards, including the Best Bank For ESG - India at Asiamoney Best Bank Award 2022, the Celent Model Bank award for the Payments System Transformation category, the Best SCF Solution Award at The Asset Triple Asian Awards 2022 and many more.Business Segments of IndusInd Bank
There are various business segments of IndusInd Bank, which include- Personal banking: This category by the bank includes products like loans, credit cards, savings accounts, insurance, deposit accounts, investments, etc.
- Pioneer banking: The bank offers banking and wealth management services for High Net Worth Individuals, top-level Corporate Executives, Business Owners, Non-Resident Indians (NRIs), Small and Medium Enterprises (SMEs), and upwardly mobile Affluent Individuals.
- Business banking: The bank offers business loans, accounts, trade and forex services, etc.
- NRI banking: IndusInd Bank offers banking solutions to NRIs under this category. They offer money transfer options, loans, deposits, accounts, cards, investment solutions, and insurance products.
- Corporate banking: The bank offers banking solutions to corporates, government entities, etc. Corporate customers can avail Financial Institutions and Correspondent Banking, Transaction Banking, Investment Banking, etc. services.
- Inclusive banking: The bank offers banking services to underserved communities. They provide debt finance, structure finance, working capital finance and many more finance solutions.
- Indie: It is a digital banking app by IndusInd Bank to offer money management services online. The app provides savings solutions, investment solutions, budgeting, fund transfers, and much more.
Key Personnel of IndusInd Bank
Sumant Kathpalia, Managing Director and CEO Sumant Kathpalia joined IndusInd Bank 15 years ago and has over 35 years of experience in the banking sector. Before IndusInd Bank, he worked at Citibank, Bank of America and ABN AMRO. He graduated from Hindu College, Delhi University and is a qualified Chartered Accountant. Mr. Arun Khurana, Deputy CEO Since April 2020, Arun Khurana has been the Deputy CEO of IndusInd Bank. He is also head of the Investment Banking (IB), Global Markets Group (GMG), Financial Institution Group (FIG), Transaction Banking Group (TBG) and Public Sector Group. He joined IndusInd Bank in 2011, and before that, he worked at HSBC, ABN AMRO, and RBS India. He is a Chartered Accountant from A.F. Ferguson.Corporate Actions of IndusInd Bank
There are no records of stock splits or bonus shares from IndusInd Bank.SWOT Analysis of IndusInd Bank
Strengths- Operating since 1994, it is a well-known bank in India.
- The bank always relies on high-end technology and offers various banking solutions to customers that cater to their needs.
- Digital banking solutions are still not so popular in rural areas in India.
- Compared to leading banks in India, IndusInd Bank has less number of branches.
- Expand into rural areas and offer them banking solutions.
- Expand globally and increase the market share worldwide.
- The banking sector is involved in credit risks, trading risks, liquidity risks, regulatory risks, compliance risks, etc.
- High competition from other players in the market.
Parent Organisation
Hinduja
Managing Director
Sunil Mehta
Founded
1994
NSE Symbol
INDUSINDBK
Community Discussion
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10th July 2024
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10th July 2024
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Indusind Bank Ltd FAQs
What is the share price of Indusind Bank Ltd (INDUSINDBK) shares?
Indusind Bank Ltd (INDUSINDBK) share price as of July 26, 2024, on NSE is Rs 1403.75 (NSE) and Rs 1403.75 (BSE) on BSE.
Can I buy Indusind Bank Ltd (INDUSINDBK) from Angel One?
Yes, You can buy Indusind Bank Ltd (INDUSINDBK) shares by opening a Demat account with Angel One.
How do I buy Indusind Bank Ltd (INDUSINDBK) from Angel One?
Indusind Bank Ltd (INDUSINDBK) share can be bought through the following modes:
1. Direct investment: You can buy Indusind Bank Ltd (INDUSINDBK) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Indusind Bank Ltd (INDUSINDBK) shares.
1. Direct investment: You can buy Indusind Bank Ltd (INDUSINDBK) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Indusind Bank Ltd (INDUSINDBK) shares.
What is the main business of Indusind Bank?
Corporate banking, retail banking, treasury and foreign exchange, investment banking, capital markets, non-resident Indian/high-net-worth individual banking, and information technology are among the business lines of the bank.
Who are the promoters of Indusind Bank?
The promoters of Induslnd Bank are Indusind International Holdings Ltd., and Indusind Limited.
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