IndusInd Bank Ltd

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Banks In India Latest News And Updates

IndusInd Bank opens currency chest in Kolkata
July 09, 2015 10:23 AM
Aiming to expand its current network in the east, IndusInd Bank on Wednesday unveiled its currency chest in Kolkata - its fourth such chest in the country. "This would enable the bank branches to handle larger volumes of cash," said the bank's head of transaction banking, Ramesh Ganesan said. The bank said this will help it in executing functions like acceptance of cash from branches, ATM replenishments, arrangement of fresh note remittances and sending soiled notes to Reserve Bank of India, Kolkata. According to the bank, the chest in Kolkata will enable customers to exchange their notes into those of higher or lower denominations or to obtain fresh notes by replacing soiled ones which may be unfit for re-use. Source: IANS

IndusInd Bank
IndusInd Bank Ltd is the new generation Indian bank based at Mumbai - the financial capital of the nation. Founded in 1994, IndusInd Bank Ltd provides a range of products and services to its customers, which include transactional, commercial and electronic banking products and services. It is also one of the foremost new generation private banks in India.

The Growth

Since its incorporation, IndusInd Bank Ltd went through a good climbing phase to reach at its current status within a very short period of time. In 1996-97, IndusInd Bank became the pioneer in launching Internet Banking. In 2000-01, the total business of IndusInd crossed ` 10,000 crores, which reached ` 14,000 crores mark in the next financial year. It recorded the highest productivity in Indian banking sector with a business of ` 16 crores per employee.

In 2003-04, IndusInd Bank Ltd celebrated its 10th year by touching ` 19,000 crores business volume. In the same year, Ashok Leyland Finance also merged with IndusInd. The bank also achieved ISO 9001:2000 Quality Management System certification for its 'Entire Network of Branches'. It's the first Indian Commercial Bank to achieve the distinction.

The following years saw further growth of IndusInd Bank Ltd at a great pace. In 2008-09, the total business of IndusInd Bank Ltd crossed ` 37,800 crores. Its net worth became ` 1429 crores, while the earning per share augmented to ` 4.28 from ` 2.35.

Products and Services

IndusInd Bank Ltd offers a wide array of transactional, commercial and electronic banking products and services.

Personal Banking
  • Accounts :
    • Indus classic Savings Account
    • Indus Easy Savings Account
    • Demat Account
    • RFC Account
    • Current Account
    • Specialized Account
    • Indus Privilege Savings Account
    • Indus Young Saver
  • Deposits :
    • Flexi Term Deposit
    • Sweep -In / Seep-Out Deposit
    • Young Saver Deposit
    • Senior Citizen Scheme
    • Regular Recurring Deposit
    • Flexi Recurring Deposit
  • Loans :
    • Home Loans
    • Small Business Loan
    • Commercial Vehicle Loan
    • Car Loan
    • Two-wheeler Loan
    • Construction Equipment Loan
    • Loan Against Shares
    • Loan Against Property
    • Loan Against Rent Receivables
    • Loan Against Mutual Funds
    • Credit Against Specific Securities
    • Traders Advances
  • Cards :
  • 4/14/20154/14/2015
    • Regular Debit Card
    • Gold Debit Card
    • Indus Money
    • Summer Swipe Special
  • Wealth Management Services :
    • Portfolio Management
    • Investments
    • Insurance
    • Survana Mudra
  • Corporate Banking :
    • Large Indian Companies
    • Small & Medium Enterprises
    • Supply Chain Management
  • International Banking :
    • Correspondent Banking
    • SWIFT
    • Advisory Services
    • Facilities to Exporters
    • Trade Finance
    • RFC Account for Residents
    • Gold Banking
  • Investment Banking :
  • Treasury :
    • Foreign Exchange Desk
    • Money Market Desk
    • Derivatives Desk
  • Capital & Commodities Markets :
    • Stock Exchange Cell
    • Commodities Exchange Cell
    • Banker to Public / Rights
    • Debenture Trustee
    • IPO Funding
    • Loan Against Demat Shares
    • Depository Services
  • NRI Services :
    • Deposit Schemes
    • Value Added Services
    • Returning NRIs
    • Remittances
    • Investments
    • Taxation
  • Online Banking :
    • IndusNet - Internet Banking
    • Indus Pay - e-wallet
    • VISA Money Transfer
    • ATMs
    • Indus Billpay
    • Mobile Top-Ups
    • Mobile Banking


IndusInd Bank Ltd
8th Floor, Tower 1,
One Indiabulls Centre,
841, S. B. Marg, Elphinstone Road,
Mumbai - 400 013

Tel: +91-22-24231999 / 30493999.
Fax: +91-22-24231998 / 30493998.

IndusInd Bank Informational Data

Name of Bank IndusInd Bank
No. of Offices 182
No. of Employees 4251
Business per Employee (in ` Lakh) 836.00
Profit per Employee (in ` Lakh) 3.49
Interest Income (in ` Crore) 2309
Other Income (in ` Crore) 456
Interest Expended (in ` Crore) 1850
Operating Expenses (in ` Crore) 547
Return on Assets 0.58
CRAR 12.33
Net NPA Ratio 1.14

Last Updated on May 1, 2015