COMPANY PROFILE (INDUSIND BANK LTD.)

ORIGIN:- Indusind bank ltd. is a Mumbai based national bank, established in 1994. The bank offers commercial, transactional and electronic baking products and services. Indusind bank was inaugurated in April 1994 by the union finance minister Manmohan Singh . Indusind bank is the first among the new generation private banks in India. The bank started its operations with a capital amount of rs.1 billion among which rs.600 million was donated by the Indian residents and rs.400 million was raised by the Non-resident Indians. The bank has specialized in retail banking services and continuously upgrades its support system by introducing newer technologies. it is also working on expanding its networking of branches all across the country along with meeting the global benchmark. According o the bank, its name is derived from the rich and vivid Indus Valley Civilization. Indusind Bank has 745 branches, and 1635 ATMs spread across 392 geographic locations of the country as on May 2015. It also has a representative office in London and another in Dubai. Mumbai has the maximum number of branches followed by New Delhi and Chennai. The bank has also proposed to double the branches count to1200 by march 2017.BOARDS OF DIRECTORS:- Mr. Romesh Sobti has joined the bank as managing Director & CEO, taking charge from Mr. Bhaskar Ghose. Mr. R. Seshasayee, a Chartered accountant by the profession is the current chairman. The other members on the boad are Dr. T. T. Ram Mohan, Mr. Ajay Hinduja, Mr. S.C. Tripathi, Mr. Ashok Kini, Mrs. Kanchan Chitale, Mr. Vijay Vaid, Mr. R.S. Sharma and Mr. Y.M. Kale.

MISSION:- We will consistently add value to all our Stakeholders and emerge as the best in class in the chosen parameters amongst the comity of banks, by doubling our profits, clients and branches within the next three years.

VISION:- A relevant business and banking partner to our clients Customers responsive,striving at all times to collaborate with clients in providing solutions for their banking needs A fore-runner in the market place in terms of profitability, productivity and efficiency Engaged with all our stakeholders and will deliver sustainable and compliant returns

PRODUCTS AND SERVICES:- In personal banking it offers a wide range of products and services like deposits, loans, investments, insurance, forex services, Demat services, Online services and wealth management Services. In NRI banking it offers money transfer, investment products such as international deposits, mutual funds online share trading etc. the bank also provides property solutions and insurance loan.

AWARDS:- 2013-2014 Banking frontier- Finnoviti Awards 2013 for My account My Number Financial Inclusion payment systems award 2013 organised by Elets technomedia Best private sector bank- Priority sector lending for environment sustainability Ranked 6th most trusted private bank in India- Brand Trust Report 2014, India study. Best use of technology in training and E-Learning (1st runner up) at IBA Banking Technology Awards 2012-2013. Awarded Top Green IT Enterprise award 2012- CIO magazine NASSCOM IT user award 2012 for Environmental Sustainability