IndusInd Bank was among the first new generation private sector banks that obtained a license in 1994 to drive the process of reforms in the post liberalisation era in India. Conceptualised by Srichand P. Hinduja, Chairman of the Hinduja Group, IndusInd Bank was born from his vision to use collective contributions from the worldwide non-resident Indian (NRI) community towards social and economic development of the country.
IndusInd Bank derives its name and inspiration from the Indus Valley Civilisation – a culture described as one of the greatest in the ancient world combining a spirit of innovation with sound business and trade practices. IndusInd Bank has grown ceaselessly and dynamically as an organisation driven by a sincere zeal to give its customers banking services and products at par with the highest quality standards in the industry.
The Bank believes in driving its business through technology. It enjoys clearing bank status for both major stock exchanges – BSE and NSE – and three major commodity exchanges in the country – MCX, NCDEX, and NMCE. IndusInd Bank also offers DP facilities for stock and commodity segments. The Bank has been bestowed with the mandate of being a Settlement Banker for six tea auction centres. IndusInd Bank has become one of the fastest-growing banks in the Indian banking sector today with its branch network expanding from 365 as on 31st December, 2011 to 461 as on 31st December, 2012. The Bank has approximately 852 ATMs of its own. The Bank also has two representative offices in London and Dubai.
Milestones
2015-16
Moved up 6 ranks, to 13th place from 19th place of last year, makes us the Top Riser in the ‘BrandZ Top 50 Most Valuable Indian Brands of 2015’ as adjudged by WPP and Millward Brown. Our brand value has increased by 46% to $1.5 billion since last year and we are also the sixth largest gainer in Brand Value.
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Awarded as the ‘Best Bank 2015’ by Business India.
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The most prestigious business award ‘EY Entrepreneurial CEO of the Year 2015’ to Mr. Romesh Sobti, MD & CEO at the 17th EY Entrepreneur of the Year 2015 India awards.
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‘Banker of the Year’ awarded to Mr. Romesh Sobti, MD & CEO at the FE India’s Best Banks Award 2015.
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‘Best Bank Award’ for Electronic Payment System among Mid-sized Banks by IDRBT for the year 2015-16.
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‘Best Cash Management Solution’, ‘Best Electronic Implementation Solution’ & ‘Best Liquidity Management Solution’ at The Asset-Treasury, Trade and Risk Management Awards 2015 under the Country Category.
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‘Outstanding Achievement in Safety Management’ in the Banking Sector - Category: Gold by GreenTech Foundation, New Delhi & National Safety Council of Singapore.
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‘Excellence in Procurement Sustainability’ Runners-up Award in 3rd Annual CPO Forum.
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‘Best Bank Financing the Industry - Highest Finance Sanctioned (Exports)’ by India Gem & Jewellery Awards 2015 (42nd Edition).
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The Asian Banker Achievement Awards 2015, Technology Implementation Awards for ‘Best CRM Project’.
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‘Golden Peacock Award for Innovation Management’ presented at the 15th London Global Convention on Corporate Governance & Sustainability.
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CMO Asia 2015 award for ‘Excellence in Social Media & Digital Marketing’ for Best Integrated Digital Campaign for Video Branch.
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Winner of ‘Excellent Performance in NFS ATM Network’ and Joint Runner-up for ‘Excellent Performance in NACH’ in Small Banks Category at the National Payments Excellence Awards 2015.
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‘Top honors’ at the Cyber Security for Business Impact conference organized by CSOFORUM for implementing security projects having positive Business Impact.
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Golden Peacock Awards A Strategic tool to Lead the Competition Winner of ‘Golden Peacock Innovation Management Award 2015’.
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Winners in the categories
- ‘Best Payments Initiative’
- ‘Best Financial Inclusive Initiative’
Runner-up in the category
- ‘Best Fraud and Risk Management Initiative’
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2014-15
Best CSR Excellence in category protecting the environment by CSR Awards - We Care - Amity Chandigarh
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Mr. Romesh Sobti, Managing Director & CEO was adjudged as the "Banker of the Year" by Business Standard
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Awarded Best Mid-size Bank and Fastest Growing Mid-size Bank Business World - PwC Best Bank Survey 2014.
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Best Rural Outreach Award at Asian Sustainability Leadership Awards 2014, Dubai
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Special Commendation at Golden Peacock Award for Sustainability 2014, London
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"Best Bank Award for Managing IT Risk" among the small banks category (classification based on business as on 31st March 2013) by the Institute for Development and Research in Banking Technology IDRBT.
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Winner for Excellent Performance in National Automated Clearing House (NACH) under midsize bank category.
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Top CSR Advocates in Asia at Asia Corporate Excellence & Sustainability Awards 2014, Singapore
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Project 'IndusInd Bank Partnership Program' declared as Winner for Financial Inclusion and Payment Systems (FIPS) Awards 2014.
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Awarded the "Top Performer" in Active Accounts (Rising DPs) by National Securities Depository Limited (NSDL).
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Ranked 19th in the Top 50 Most Valuable Indian Brands 2014 as per the BrandZ Top 50 Ranking powered by WPP Plc and Millward Brown.
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Ranked 39th in the Best Indian Brands 2014 as per the Economic Times and Interbrand Best Indian Brand Study.
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ACI Universal Payment ACI Excellence Award 2014 - Operational Excellence. The award is for Bank's ATM features namely Cash on Mobile, PIN reset on IVR and Stop cheque on ATMs.
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Talisma Insight "Excellence in Innovation" award for the implementation of "Always On" technology from Microsoft that helped building high availability and DR for Talisma application.
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2013-14
Banking Frontier - Finnoviti Awards 2013 for My Account My Number
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Financial Inclusion Payment Systems Award 2013 organized by Elets Technomedia
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Best Initiative of the Year - TACK India fat the Global World Congress held at Athens for Indus Pro
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Best Private Sector Bank - Priority Sector Lending for Environmental Sustainability
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Fastest Growing Mid-Size Bank by Businessworld-PwC Best Banks Survey 2013
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Banker of the Year awarded to Mr. Romesh Sobti at Businessworld-PwC Best Bank Survey 2013
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Roll of Honour - India's Best CEOs by Business Today-KPMG India Listing of India's top 100 CEOs
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IT Excellence Award by VMware, for Virtualisation of Critical business applications
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CISO - Awarded one of the Top 100 Chief Information Security Officer awards 2014
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Best Bankers Awards 2013 - Best Banker - Growth, Mid-Sized by The Sunday Standard
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Best Bank Award Customer Management and Business Intelligence Initiatives among Small Banks 2012-13 by IDRBT.
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Best Use of CSR Practices in Banking & Finance at ABP News Global CSR Excellence & Leadership Awards 2013
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Mixed Media Category for My Account My Number, awarded by Paul Writers, at the Marketing Hall of Fame 2014
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5th Retail Banker International Asia Trailblazer Summit Excellence in Customer Centricity & Dynamic Third Party Partnerships, for Super Saver Packs
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Best use of Technology in Training and E-Learning (1st Runners-up) at IBA Banking Technology Awards 2012-13
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Infosec Maestros Award by Infosecurity, for information security initiatives at the Bank
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2012-13
IBA Banking Technology Awards: Awarded the 1st Runners- Up for best Risk Management & IT Security
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IBA Banking Technology Awards: Awarded the 1st Runners- Up for best Use of Technology in Training & E-Learning
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IBA Banking Technology Awards: Awarded the 2nd Runners-Up for best online bank
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IBA Banking Technology Awards: Awarded the 2nd Runners-Up for best use of business intelligence
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IBA Banking Technology Awards: Awarded the 2nd Runners-Up for best use of mobility technology in banking
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Awarded with the best bank award among small banks for 'IT for operational effectiveness' by Institute for Development and Research in Banking Technology (IDRBT)
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Awarded with the Top Green IT Enterprise Award 2012 – CIO Magazine
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CISO - Awarded as one of the Top 100 Chief Information Security Officer awards 2012, organised by InfoSecurity Magazine and iViz Security
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NASSCOM IT User Award 2012 for Environmental Sustainability
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2011–12
Awarded as the "Best Bank Mid-sized" in Businessworld– PwC Best Banks Survey 2011
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Awarded as the "Best Mid-Sized Bank Bank" in Business Today – KPMG Best Banks Survey 2011
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Awarded M.IT.R- 50 Marketing & IT Recognition Program amongst top 50 brands –organised by Paul Writer in association with IBM
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The CII Environmental Best Practice Award 2012 for the "Most Innovative Project"
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Awarded in the "Business Enterprise Services" category for running ATMs on solar power – Organised by Panasonic Green Globe Foundation
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Awarded the status of 'Star Brand' 2011 ICMR Star Brands of India Survey
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Awarded the "Best Bank in New Generation Category " by the State Forum Of Bankers Club Kerala
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Awarded "Most Improved Bank Performance of the Year" at Financial Leadership Awards 2012 by Bloomberg UTV
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2010-11
Awarded the 'Most Improved Bank Performance of the Year' by Bloomberg UTV Financial Leadership Awards 2011
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Awarded the Runners-up of 'Best Risk Management' Initiatives by IBA Banking Technology Awards 2010
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Silver winner of 'Excellence in Business Process Management and work flow in Australia and Asia Region' Global awards by Workflow Management Coalition and BPM.com, USA
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Talisma User awards for 'Enterprise Adoption' of CRM– 2010
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Ranked 2nd in the fastest growing Bank (mid-size) category – published in “India's Best Banks” report by Business World and PWC
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'Excellence Award' as the 2nd best New Generation Bank in Kerala for the second consecutive year awarded by the State Forum of Bankers Clubs, Kerala
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2009-10
Awarded the "Best Priority Sector Bank" amongst the private sector banks by Duns & Bradstreet
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Tier II Issue – raised INR 4200 million in March 2010
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Awarded the 'Technology Bank of the Year-2009' from IBA
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"Excellence Award", the 2nd best new generation bank in Kerala by the State Forum of Bankers' Clubs, Kerala
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Recognised for 'Best Performance in Credit Quality' by inancial Express
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Received the prestigious ISO 27001 certification for IT operations
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2008-09
QIP Issue – raised INR. 4803 million in August 2009
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Regulatory clearance for 113 new branches are in place (as of June 30,2010)
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Appointed as Clearing & Settlement Bank at 6 major Tea Auction centres (includes 2 which were added in 2010)
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Tied up with BONY Mellon for on line remittances from United States to India
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2007-08
GDR Issue - raised INR 2,222 million; Ratings: ICRA Highest A1+ - CDs, Crisil P1+: CDs, FDs
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New Launch/Rollout: Mid market Investment Bank, 3rd Party Distribution Platform, Warehouse Receipt Finance
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Awards/Recognition: The Smart Workplace - Economic Times, Best CSR Practice Company – BSE/NASSCOM
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Extended microfinance to 300,000+ women by partnering leading MFIs like SKS Mircofinance
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Extensive IT initiatives
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Became clearing/settlement bank for NSE currency futures exchange
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New management team headed by Romesh Sobti inducted from ABN AMRO Bank NV
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2006-07
GDR - raised INR 1,460 million, tied up with Cholamandalam MS for bancassurance
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Signed an agreement with National Multi Commodity Exchange Ltd as clearing banker
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2005-06
Tied-up with Religare Securities for offering 3-in-1 account covering banking, depository and securities trading
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Tied up with Aviva Life Insurance for bancassurance
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2004-05
Signed an agreement with NCDEX as clearing banker
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Opened its second representative office in London
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2003-04
Ashok Leyland Finance Ltd, a leading NBFC merged with the Bank (total 115 branches), opened representative office in Dubai
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2002-03
IndusInd Enterprises & Finance Ltd, a NBFC and one of the promoters of the bank amalgamated with the Bank
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Increased branch network to 53
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2001-02
Tie ups with exchange houses in Middle East and banks in the United States
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1994-00
IPO - raised INR 1,800 million, became clearing bank to First Commodities Clearing Corporation of India
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2000 – Became clearing/settlement bank for BSE/NSE
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Raised INR 1,000 million through preferential issue of shares
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Incorporated in 1994; Promoted by a group of Non Resident Indians. Started operations with INR 1000 mn capital
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IndusInd Bank Limited