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IndusInd Bank Ltd.


Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE095A01012 | SECTOR: Banks - Private Sector

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Aug 12, 16:01
1079.85 0.90 (0.08%)
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NSE Live

Aug 12, 15:59
1080.45 1.25 (0.12%)
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Company History - IndusInd Bank
 - The bank was incorporated on January and obtained Certificate of
 Commencement of Business in February 1994.  The bank was promoted by
 IndusInd Enterprises and Finance Ltd. (IEFL) and five Mauritius based
 companies viz. IndusInd International Holdings Ltd. (IIHL) IndusInd
 (Mauritius) Holdings Ltd. (IMHL) IndusInd Ltd. (IL) IndusInd
 Investments Ltd. (IIL) DeFive Mauritius Holdings Ltd. (DFMHL).  The 
 bank commenced commercial operation in April.  It undertook all kinds
 of banking business.
 - The bank proposed to set up an investment bank as a subidiary of
 the bank for concentrating on various faces of investment banking
 viz. issue management, corporate advisory service, infrastructure
 financing, mergers and acquisitions, trading and depository services
 etc.  It was
 also proposed to introd uce the concept of investment boutique at
 selected branches viz. Ahmedabad, Chennai, Mumbai etc.
 - All operating outlets have direct access to Nostro Accounts through
 sophisticated computerised system SWIFT.
 - 1200,00,000 No. of Equity shares issued.
 - The Company joined hands with Kredietbank NV, (KB) - Brussels,
 Belgium and a Memorandum of Understanding for strategic alliance has
 been signed with them in order to enhance capability to global
 - The Bank has made a preferential offer of 2 crores equity shares of
 Rs. 10 each for cash at a premium of Rs. 40 per share aggregating Rs.
 100 crores on private placement basis to the shareholders of the
 Bank, (other than promoters), shareholders of the promoter companies,
 and the employees of the Bank and of the promoter companies.  
 - The Bank has a state-of-the-art dealing room at Nariman Point,
 Mumbai, catering to several additional positions of dealers and
 corporate analysts aimed at further enhancing the profitability of
 its investments.
 - The bank caters to the needs of NRI customers from 40 countries
 with deposits totalling Rs 905 crores.
 - 9 branches were added to the network and the number of branches
 doubled to 18.
 - The company issued 400,00,000 No. of equity shares of Rs 10 each
 for cash at a premium of Rs 35 per share to the public.
 - The Company has successfully launched the 'anywhere banking'
 concept and bank's customers can look at it as 'one Bank'.
 - IndusInd Bank has launched Fast Forex to wipe out delays in sending
 and receiving funds to and from foreign centres.  Fast Forex is an
 international remittance product utilising the 24-hour processing and
 communication capabilities of SBC Warburg, the bank's USD clearing
 agent, through their electronic banking system Keylink.
 - The bank's shares were admitted for dematerialisation under a
 tripartite agreement signed by the bank, its registrars, Spectrum
 Corporate Services, and NSDL.
 - IndusInd Bank Ltd has launched its Banking on the Net service on
 March 24.  This facility will serve as an alternate delivery channel
 that IndusInd Bank offers its customers in addition of branch
 banking, on-line ATM's and tele-banking.  The customer can access
 Internet access Internet banking facilities not only through the Net
 but also through dial-up access on a common browser platform.
 - IndusInd Bank, has launched its new product, Fast Forex, which can
 remit funds to any part of the world at the fastest possible speed. 
 - Bank has introduced net bank a product offering on the internet and
 the site can be visited on by any customer who can
 register for this service.
 - The Bank has entered into an agreement with National Securities
 Clearing Corporation Ltd. of National Stock Exchange (NSE) whereby
 the Bank will act as official banker to NSE.
 - The private sector bank has also introduced a number of
 technologically superior products--like fast forex, anywhere banking,
 Internet banking and depository services--through the electronic
 delivery channels.
 - IndusInd Bank signed a memorandum of understanding (MoU) with HSBC
 for issuing global credit card under the MasterCard franchise to its
 - IndusInd Bank Limited has launched its exclusive international
 remittance system-FAST (Fully Automated Straight Through) Forex. 
 - IndusInd Bank has appointed Tata Consultancy Services for
 implementation of the asset-liability management (ALM) plan of the
 - The Bank has tied up with the cellular company, Orange, for short
 messaging service facilities for mobile banking in Mumbai. 
 - The Bank has signed an agreement with Financial Software and
 Systems for acquisition of the BASE24-ATM switch. 
 - The Bank has opened its 28th Branch in Surat, Gujarat.
 - The Bank has launched its global credit card, to be issued in
 association with the HongKong and Shanghai Banking Corporation Ltd.
 under the Mastercard franchise.
 - IndusInd Bank has launched an e-broking platform, eTrading, at its
 Mumbai main branch to facilitate online trading of equity shares.
 - Kothari Pioneer Mutual Fund and IndusInd Bank have joined hands to
 enter into an alliance.
 - The Bank has entered into a strategic alliance with Sri Lanka-based
 National Mercantile Bank.
 - IndusInd Bank Ltd has informed that the Board of Directors have
 appointed Mr S Venkitramanan as Additional Director and Non-executive
 Chairman subject to approval of Reserve Bank of India.
 -IndusInd Bank gets RBI permission to set up offices abroad.
 -Bank secures ISO 9001:2000 certification for all its branches in the
 10th year of its  operations.
 -IndusInd hires KPMG Consulting for assisting the bank to develop an
 enterprise wide risk management framework to cover risks across all
 function streams.
 -Shareholders approved delisting of shares from Pune Stock Exchange
 -IndusInd, Corp Bank sign agreement for sharing of ATMs
 -IndusInd Bank Board approves scheme of merger of Ashok Leyland
 -IndusInd Bank Ltd has informed that the Bank has received approval
 for delisting of its shares from Pune Stock Exchange (PSE) with
 effect from January 16, 2004.
 -IndusInd Bank on April 30 launched Indus AIM (anywhere instant
 money) for inter-bank real time gross settlement (RTGS)
 -IndusInd Bank Ltd has accepted the resignation of Mr. Gopal Lohiya,
 Company Secretary of the Bank with effect from July 5, 2004
 -Nagarajan selected as IndusInd Joint MD
 -IndusInd Bank has offered personal loans for the salary account
 holders at Global Trust Bank (GTB)
 -IndusInd Bank inks pact with DDA
 -IndusInd Bank opens its 11th branch in Gujarat at Bhavnagar
 -Morvi Royal Family launches Indusind International Mahila Card in
 -IndusInd Bank sets up new branch at Malappuram
 -Indusind Bank opens Branch at Trichy
 -Indusind Bank opens branch at Allahabad
 -Indusind Bank introduces new services for retail customers
 -Indusind Bank Ltd has announced that Doha Bank, Qatar and the Bank,
 India announced their strategic alliance in Doha
 -IndusInd joins hand with 2 Gulf banks
 - Indusind Bank Ltd has informed that the Board of Directors of the
 Bank at its meeting held on October 31, 2006 has appointed Mr Ajay
 Hinduja and Mr Premchand Godha as Additional Directors of the Bank,
 subject to the approval of Reserve Bank of India.
 -On January 16, 2007 Aviva Life Insurance and Indusind Bank Ltd has
 announced their tie-up as Bancassurance partners.
 - Indusind Bank Ltd has appointed Mr. R Seshasayee has been
 appointed, with the approval of Reserve Bank of India, Part-time
 Non-Executive Chairman of the Bank for a period of two years.
 -Indusind Bank Ltd has appointed Mr. R Seshasayee as the
 Non-Executive Chairman for a period of two years.
 -Indusind Bank opens its 19th branch in Tamil Nadu at Sivakasi.
 -Cholamandalam MS enters into a strategic partnership with IndusInd
 - Indusind Bank Ltd has tied up with TVS Motors
 -IndusInd Bank signs Rs 150-cr deal with SKS Micro
 -IndusInd Bank signs co-partner agreement with World Gold Council
 -lndusind Bank launches new look branch model at Bandra
 -IndusInd Bank signs MoU with ICRA
 -IndusInd Bank inaugurates its first Solar-powered ATM in Mumbai
 -Indusind Bank Ties Up With Maruti Suzuki India Ltd
 -IndusInd Bank ties-up with Tata Motors for dealer financing
 -Indus Bank ties up with Toyota Kirloskar Motor
 -IndusInd Bank ties-up with Ashok Leyland for Channel Financing
 -Indusind Bank ties up with Unistream Bank for Remittances
 -Mahindra's Automotive Sector ties up with Indusind Bank for vehicle
 -IndusInd Bank bags the IBA award for 'Best use of technology in
 E-learning - 2010
 -IndusInd Bank awarded the Most Improved Bank Performance of the
 -IndusInd Bank enters into an agreement with  Deutsche Bank to
 acquire its credit card business in India.
 -Indusind Bank partners with Finacle from Infosys for its core
 banking transformation.
 -Indusind Bank signs an MoU with HDFC Ltd for home loans
 -Indusind Bank opens it's first Currency Chest in Mumbai.
 -Suzuki Motorcycle partners with IndusInd Bank to offer retail
 customer finance
 -IndusInd Bank introduces new foreign currency pre-paid travel card
 -IndusInd Bank launches Indus Forex Card
 -Suzuki Two-Wheelers and IndusInd Bank tie up for Retail Finance
 -IndusInd Bank opens its branch in Alwar
 -IndusInd Bank enhances its core banking system to Finacle 10.2
 -Banking Frontier - Finnoviti Awards 2013 for My Account My Number
 -Best Bank Award Customer Management and Business Intelligence
 Initiatives among Small Banks 2012-13 by IDRBT.
 -IndusInd Bank and American Express announce strategic partnership
 with the launch of the new IndusInd Bank Iconia American Express
 -IndusInd Bank opens two new branches at Vadodara
 -IndusInd Bank opens three new branches in Vadodara
 -IndusInd Bank opens new branch in Lucknow
 -IndusInd Bank opens new branch in Lucknow
 -IndusInd Bank opens new branch at Aliganj in Lucknow
 -IndusInd Bank inaugurates Indias first Digital Branch at Rapid
 Metro station, Gurgaon
 -IndusInd Bank and Jet Airways announce strategic partnership with
 the launch of the new Jet Airways IndusInd Bank Credit
-IndusInd Bank launches VIDEO BRANCH
 -CISO Awarded one of the Top 100 Chief Information Security Officer
 awards 2014
 -Project 'IndusInd Bank Partnership Program' declared as Winner for
 Financial Inclusion and Payment Systems (FIPS) Awards 2014.
 -Awarded Best Mid-size Bank and Fastest Growing Mid-size Bank
 Business World - PwC Best Bank Survey 2014.
 - Indusind Bank has inked an agreement with Worldpay to offer
 domestic acquiring services in India
 -IndusInd Bank inaugurates a new branch at Dwarakanagar in Vizag
 -Indusind Bank has entered into an agreement to acquire Diamond &
 Jewellery financing business and related deposit portfolio of Royal
 Bank of Scotland N.V. in India
 -The Bank has inaugurated a new branch in Chandigarh
 -Induslnd Bank launched the Chelsea FC Co-Brand Credit Card
 -IndusInd Bank opens a new branch in Indore
 -Indusind Bank opens a new branch in Ujjain
 -IndusInd Bank has inaugurated a new branch located at Chennai,
 Chandigarh and Jamshedpur
 -Induslnd Bank launches Onthego Social banking.
 -Indusind Bank completes acquisition of Royal Bank of Scotlands
 Diamond & Jewellery Financing business in India
 -IndusInd has launched customer responsive service called QuickPay,
 which allows its customers to send money instantly to their personal
 contacts and/or business parties through SMS, E-mail and social media
 -IndusInd Bank partners with PayU India to revolutionize Digital
 Banking & Payments
 -IndusInd Bank bags 3 awards from IBA
 -IndusInd Bank signs MoU with Indian army
 -IndusInd Bank launches IndusInd For Sports- a non-banking sports
 -IndusInd Bank inaugurates a new branch at Ranchi, Jharkhand
 -IndusInd Bank opens new branch in Kolkata
 -IndusInd Bank opens IFSC Banking Unit at GIFT City
 -Indusind Bank sings 3 year strategic agreement with IBM
 -IndusInd Bank inaugurates new branch in Pathankot
 -IndusInd Bank Paytm partners with Indusind Bank to offer financing
 options for booking of two-wheelers
 - IndusInd Bank strengthens footprint in Sikar, Rajasthan
 - IndusInd Bank launches
 - IndusInd Bank wins Celent Model Bank 2017 Global Award
 - IndusInd Bank inaugurates 3rd branch in Jamshedpur
 - IndusInd Bank inaugurates new branch in Jaipur
 - IndusInd Bank partners IGL for cashless payment solutions
 -Paytm Payments Bank  has partnered Induslnd Bank to introduce a
 facility to create a fixed deposit.
 -IndusInd Bank launches program to support girl athletes.
 -Overseas Private Investment Corporation  enters into loan guarantee
 agreement with IndusInd Bank.
 -The Bank won the Best Mid-Sized Bank award at BW Business World
 Magna Awards 2017.
 -IndusInd Bank launches co-branded credit card with PAYBACK.
 -IndusInd Bank partners with Government of Maharashtra and NPCI for
 Mumbai Fintech Accelerator Programme'.
 -IndusInd Bank introduces PIONEER Banking its Wealth Management
 -IndusInd Bank successfully completes integration with CRMNEXT across
 all its customer touch points.
 -IndusInd Bank launches Pioneer Heritage in partnership with
 -IndusInd Bank partners with Vistara to launch a co-branded credit
 -lndusInd Bank launches 'Indus Merchant Solutions' app.
 -IndusInd Bank becomes first Indian bank to offer cross-border
 remittances via UPI.
 -IndusInd Bank launched Green Fixed Deposits where the deposit
 proceeds will be used to finance projects and firms supporting the
 United Nations Sustainable Development Goals.
 -Award as 2020 APAC Innovation Awards - RED HAT.