IndusInd_Bank
IndusInd Bank
Indian private sector bank
IndusInd Bank Limited is an Indian financial services headquartered in Mumbai (Maharashtra).[5] IndusInd Bank was inaugurated in April 1994 by then Union Finance Minister Manmohan Singh.[6]
Company type | Public |
---|---|
Industry | Financial services |
Founded | April 1994 (30 years ago) (1994-04) |
Founder | S. P. Hinduja |
Headquarters | Mumbai, Maharashtra, India |
Key people | |
Products | |
Revenue | ₹44,540 crore (US$5.6 billion) (2023)[3] |
₹14,419 crore (US$1.8 billion) (2023)[3] | |
₹7,443 crore (US$930 million) (2023)[3] | |
Total assets | ₹457,836 crore (US$57 billion) (2023)[3] |
Total equity | ₹55,005 crore (US$6.9 billion) (2023)[3] |
Owner | Hinduja Group (26%) Life Insurance Corporation (9.99%) |
Number of employees | 33,582 (2022)[3] |
Subsidiaries | BFIL[4] |
Capital ratio | 15.31% [3] |
Website | www |
The bank began its operations on 17 April 1994, under the chairmanship of S. P. Hinduja.[7]
In 2021, the bank become authorized by the Reserve Bank of India (RBI) for collecting direct and indirect taxes, on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC).[8]
Operations
The bank started its operations with ₹100 crores (1 billion) in capital, of which ₹60 crores were raised by Indian residents and ₹40 crores were raised by Non-Resident Indians (NRI). The bank specializes in retail banking services. According to the bank, its name is derived from the Indus Valley civilisation.[9]
Sumant Kathpalia is the Managing Director and CEO at IndusInd Bank.[10][11] Sunil Mehta is the current chairman of the board.[12] The other members on the board are Shanker Annaswamy, T. T. Ram Mohan, Akila Krishnakumar, Rajiv Agarwal, Sanjay Asher, Bhavna Doshi, Jayant Deshmukh and Pradeep Udhas.[13]
- "IndusInd Bank board approves appointment of Gobind Jain as CFO". Economics Times. 1 October 2021. Retrieved 28 October 2023.
- "Annual Report 2021–22" (PDF). indusind.com. (15 March 2022).
- "IndusInd Bank adds 2% on NCLT nod for merger with BFIL". moneycontrol. Retrieved 25 April 2019.
- "Annual Report 2018-19" (PDF). www.indusind.com. Retrieved 16 February 2020.
- "IndusInd Bank Ltd. - History". Business Standard India.
- Podishetti, Akash (12 October 2021). "Customers can pay direct and indirect taxes via IndusInd Bank. Details here". Mint. Retrieved 28 October 2023.
- "Indusind Bank Ltd – Profile". Indusind Bank Ltd. 25 May 2013. Retrieved 25 May 2013.
- Banthia, Jyoti (24 April 2023). "IndusInd Bank reappoints Sumant Kathpalia as MD, CEO". mint. Retrieved 26 August 2023.
- Surabhi (28 February 2020). "Who is Sumant Kathpalia, new MD and CEO of IndusInd Bank?". BusinessLine. Retrieved 26 August 2023.
- "Sunil Mehta resigns as director of Adani Green Energy following his appointment as IndusInd Bank chairman". The Indian Express. 24 February 2023. Retrieved 26 August 2023.
- "Know Leadership Profiles | IndusInd Bank". indus-ind. Retrieved 26 August 2023.
- "Guidelines on entry of new banks in the private sector" (PDF). Reserve Bank of India. 3 January 2001. Retrieved 7 November 2020.