IndusInd Bank Ltd - Company Profile
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IndusInd Bank Ltd (IndusInd Bank) provides retail and commercial banking products and other financial solutions. Its portfolio of offerings comprises loans, deposit services, and payment cards. The bank’s lending solutions include loans for homes, cars, personal requirements, gold, auto, property, securities, credit cards, and businesses. Deposit solutions consist of current, savings, and salary accounts; fixed deposits; and senior citizen schemes. The bank offers debit, credit, forex, and commercial cards; and life and non-life bancassurance solutions. Furthermore, IndusInd Bank provides services such as remittances, structured credit, project finance, foreign exchange, debt underwriting and placement, advisory, cash management, and supply chain finance. The bank has operations in India and representative offices in Dubai, Abu Dhabi, and London. IndusInd Bank is headquartered in Pune, Maharashtra, India.
Headquarters
India
Address
8th Floor, Tower 1, One Indbls Ctr, 841, Senapati Bapat Marg,Elphinstn Rd(W), Mumbai, Maharashtra, 400013
Website
www.indusind.com
Telephone
91 22 24231999
No of Employees
38,179
Industry
Financial Services
Ticker Symbol & Exchange
INDUSINDBK (NSE)
Revenue (2022)
$5.7B
16.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
54.9%
(2022 vs 2021)
Market Cap*
$14.5B
Net Profit Margin (2022)
XYZ
32.9%
(2022 vs 2021)
* As of and is in US$
IndusInd Bank Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Cards: | Online Banking |
| Credit Cards | Forex Services |
| Debit Cards | Remittance |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the bank and Bharat Financial Inclusion signed a memorandum of understanding with the State Government of Tamil Nadu for Bharat Sanjeevani, a corporate social responsibility program. |
| 2024 | New Products/Services | In March, the company in partnership with Mastercard introduced Indus PayWear. |
| 2024 | Regulatory Approval | In February, the bank secured approval from the Reserve Bank of India to sell a 9.5% stake to HDFC Bank. |
Competitor Comparison
| Key Parameters | IndusInd Bank Ltd | Canara Bank | Punjab National Bank | Yes Bank Ltd | Indian Overseas Bank |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Bangalore | New Delhi | Mumbai | Chennai |
| State/Province | Maharashtra | Karnataka | Maharashtra | Maharashtra | Tamil Nadu |
| No. of Employees | 38,179 | 84,978 | 104,118 | 27,517 | 22,051 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Sunil Mehta | Chairman | Executive Board | 2023 | - |
| Sumant Kathpalia | Director; Chief Executive Officer; Managing Director | Executive Board | 2020 | - |
| Gobind Jain | Chief Financial Officer | Senior Management | - | - |
| Vivek Bajpeyi | Chief Risk Officer | Senior Management | 2023 | - |
| Shiv Kumar Bhasin | Chief Transformation Officer | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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