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IndusInd Bank Ltd - Stock Valuation and Financial Performance

BSE: 532187 | NSE: INDUSINDBK | Bank - Private | Large Cap

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Indusind Bank Share Price

 ₹934.45 8.50 0.92%
as on 28-Jan'25 16:59

DeciZen - make an informed investing decision on Indusind Bank

Overall Rating ⓘ
Bole Toh

1. Quality

Very Good
Check detailed 10 Yrs performace

2. Valuation

Undervalued
Check 10 Yrs Valuation charts

3. Price Trend

Semi Strong
Check Price chart

IndusInd Bank stock performance -

PE Chart Key Ratios
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P/E Ratio (SA):
8.96
Market Cap:
72,798.5 Cr.
52-wk low:
923.4
52-wk high:
1,576

Is IndusInd Bank Ltd an attractive stock to invest in?

1. Is IndusInd Bank Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that IndusInd Bank Ltd is a good quality company.

2. Is IndusInd Bank Ltd undervalued or overvalued?

The key valuation ratios of IndusInd Bank Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is IndusInd Bank Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of IndusInd Bank Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Indusind Bank:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Standalone Basis P Consolidated Basis P
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
IndusInd Bank Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Net Interest Income (₹ Cr.)3,4204,5176,0637,4978,84612,05913,52815,00117,59220,61621,427
YoY Gr. Rt. %-32.1%34.2%23.7%18%36.3%12.2%10.9%17.3%17.2%-
Total Income12,24015,16918,57722,03127,90835,73435,55838,15744,53455,13658,525
YoY Gr. Rt. %-23.9%22.5%18.6%26.7%28%-0.5%7.3%16.7%23.8%-
Adj EPS (₹ ) 33.938.44860.154.863.736.759.595.2115104.3
YoY Gr. Rt. %-13.4%24.8%25.3%-8.8%16.3%-42.4%62.3%60%20.7%-
BVPS (₹ )193.4290.8338.7390.9437.2486556.6611.5699.5801.7832.3
YoY Gr. Rt. %-50.4%16.5%15.4%11.8%11.2%14.5%9.9%14.4%14.6%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)1.81.81.81.81.31.50.91.21.71.81.4
To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)0.30.40.40.51.20.90.70.60.60.60.6
To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%)-----------

CAGR ⓘ

CAGR Colour Code Guide ⓘ

9 Years 5 Years 3 Years 1 Years
Net Interest Income22.1%18.4%15.1%17.2%
Total Income18.2%14.6%15.7%23.8%
Adj EPS14.5%16%46.4%20.7%
BVPS17.1%12.9%12.9%14.6%
Share Price 0.6% -5.8% 1.1% -38.8%

Key Financial Ratios

RATIOS \ YEARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Interest Earned / Total Income79.1878.2677.5578.4479.7780.5581.5680.7881.6682.9783.7
Margins To view Margins Colour Rating Guide click here ⓘ
NIM (%)3.33.43.63.63.44.3444.14.23.9
Performance Ratios To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)1916.615.316.513.314.77.410.214.515.311.5
Liquidity Ratio To view Liquidity Ratio Colour Rating Guide click here ⓘ
CASA (%)34.135.236.94443.140.441.842.840.137.9-

Recent Performance Summary

Total Income has increased 15.74 CAGR in last 3 years

Net Profit has increased 46.36 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Return on Equity has declined versus last 3 years average to 12.80%

Total income growth is poor in last 4 quarters

Latest Financials - IndusInd Bank Ltd.

Standalone Consolidated
TTM EPS (₹) 104.3 104.7
TTM Sales (₹ Cr.) 49,004 49,004
BVPS (₹.) ⓘ 832.3 837.9
Reserves (₹ Cr.) ⓘ 64,062 64,497
P/BV ⓘ 1.12 1.12
PE ⓘ 8.96 8.93
From the Market
52 Week Low / High (₹) 923.40 / 1576.00
All Time Low / High (₹) 9.00 / 2037.90
Market Cap (₹ Cr.) 72,798
Equity (₹ Cr.) 779.1
Face Value (₹) 10
Industry PE ⓘ 16.9

Management X-Ray of Indusind Bank:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *45.4845.4845.4845.4847.3045.4845.4845.4845.4850.86
* Pledged shares as % of Promoter's holding (%)

Valuation of Indusind Bank

Event Update

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Analyst's Notes

IndusInd Bank: MFI concerns elevate, Stay Put - 26 Oct 2024

IndusInd Bank's stock plunged 20% in Friday's trading after reporting a 39% drop in quarterly profit. IndusInd's Q2 results reflect high provisions, reduced other income, and slowed growth in higher-yielding loans. Unsecured lending (including microfinance and credit cards) remained subdued due to cautious industry conditions, while secured loans, corporate, and vehicle loans performed steadily. Near-term pressure on the stock may persist due to stress in unsecured segments and deceleration in loan growth.

Increasing NPAs in Microfinance (MFI): 

The key negative from the results was that IndusInd witnessed heightened NPAs in the MFI segment with a 138 bps increase in NPA reaching 6.54%. While overall NPAs increased by Rs. 534 Cr, MFI alone accounted for Rs. 271 Cr of these incremental NPAs from Consumer banking.

RBI has recently increased risk weight for the MFI segment which means higher capital requirement to lend to the industry. This has squeezed overall liquidity in the segment and has further increased delinquencies. 

NPA Composition – Consumer Banking

Profitability was further impacted as IndusInd increased its contingent provision buffer by Rs. 525 Cr causing the Return on Assets (ROA) to dip to 1.00% from 1.90%. Although Management highlighted this was precautionary, the timing of the large Rs. 525 Cr contingency buffer, established during a challenging quarter, raises questions about the extent of underlying challenges for IndusInd.

Although microfinance accounts for just 9% of AUM, its 23% yield makes it critical for profitability and growth. The segment faces stress from factors such as the higher risk weights imposed by RBI and higher delinquencies in some states due to floods. The bank’s reliance on microfinance and unsecured lending for high yields, paired with slower growth, has impacted its loan-to-deposit ratio. Management expects profitability to stabilize as microfinance growth resumes, supported by rural recovery and sector resilience.

Financial Highlights for the quarter: 

  • The bank’s Net Interest Income rose 5% year-on-year to Rs. 5,347 Cr. Sequential loan growth picked up to 3% QoQ, totaling a 13% YoY increase. 
  • Deposit growth was steady at 15% YoY and 3% QoQ, with retail deposits rising 16% YoY and 4% QoQ
  • The Net Interest Margin declined to 4.08% from 4.25% QoQ.
  • The bank recorded provisions and contingencies totaling Rs. 1,820 Cr in the quarter which was 87% higher than the same period last year. 
  • Corporate loans saw a strong 16% YoY growth, primarily from mid and small corporates. 
  • Microfinance experienced a 9% QoQ decline in loans through Bharat Financial Inclusion Limited (BFIL; subsidiary company), with a focus on collections over new disbursements in light of sector stress.

IndusInd Bank: Q4FY23 Result Update - 28 Apr 2023

Bank reported its Q4FY23 PAT at Rs2041Cr, up 50% YoY (4% QoQ), RoA at 1.8% for FY23.

Loan growth was healthy at 6% QoQ and 21% YoY, driven by 7% QoQ / 20% YoY rise in Retail and supported by mid & small corporates (up 7% QoQ). Within retail, the vehicle book saw 5% QoQ growth while MFI jumped 9% QoQ and other retail businesses (barring LAP) also showed strong growth. IndusInd aims at advances growth of 18-23% CAGR.

Good results with steady Net interest Margin and advances growth.

 

IndusInd Bank: Q3FY23 Result Update - 19 Jan 2023

IndusInd Bank Ltd

Market Cap 93,131 Cr
CMP 1201
P/B 1.9xFY23

Results

(INR Cr)

YoY

Comments

Advances

2,72,754

19%

Driven by retail and corporate loan book

Net Interest Income

4,495

18.5%

NIM expanded by 0.17% to 4.27%

Net Profit

1959

68.7%

Provisions and contingencies reduced by 35.6% to 1064 Cr

 

Click here for 10 year X-ray

Key Highlights –

·        Vehicle Loans (26% of loan book) grew by 18%, Credit Cards (3% of advances) grew by 46%, while corporate loan book (46.5% of advances) grew by 20%.

·        Deposits increased by 14% to 3,25,278 Cr, CASA ratio at 42%.

·        GNPA & NNPA at 2.06% and 0.62%.

 

Management Outlook –                 

·        Management guided on Pre-provisioning operating profit (PPoP) to be higher than 5%.

·        Management expects credit cost of around 120-150bps in FY23 and spike in Microfinance non-performing loans (NPL) to stabilise in 1-2 quarters.

·        Management expects a 0.15-0.25% hike in cost of funds and NIM margins in the range of 4.10-4.25%.

IndusInd Bank Ltd Q2 FY23 Results - 21 Oct 2022

Market Cap 89,130 Cr
CMP 1,150
P/B 1.8xFY23E

Results

(INR Cr)

YoY Growth

Comments

Advances

260,129

18%

Diversified Loan Book across Retail (53%) and Corporate (57%) Products

Net Interest Income

4,302

18%

NIM increased to 4.24% vs. 4.07% previous year

Net Profit

1,805

57%

Increased due to lower provisions and credit costs

Click here for 10 year X-ray

  • Vehicle Finance (26% of loan book) grew by 13%, while Micro Finance (11% of loans) grew by 5% yearly.
  • CASA Ratio at 42%, 15% growth yearly providing bank with stable low cost deposits.
  • Asset Quality improved as Gross NPA & Net NPA at 2.11% and 0.61% declined by 24bps and 6 bps on quarterly basis.
  • Bank’s cost of funds increased by 30bps to 5.1%, this will have negative effect on profitability.
  • Management guided on expansion towards retail customers (NRI and Affluent) acquisitions as well building merchant banking business.

IndusInd Bank Q1FY23 Results Update - 21 Jul 2022

Click here for 10 year X-ray

IndusInd Bank: Quarterly Result update - 02 May 2022

IndusInd Bank | Market Cap 78,968Cr

CMP Rs. 1,019 | P/B ~1.5x FY23

 

Results: IndusInd Bank reported NII* growth of 11% and pre-provisioning operating profit growth of 10% year on year during FY22. Loan book grew at 12% year on year.

GNPA ratio declined to 2.27% (vs 2.7% in FY21) due to improvement in the asset quality and most of the stressed asset already provided.

Click here to check 10 Year X-ray of IndusInd Bank

Key Highlights:

  • The year on year loan growth came from 20.3% growth in Corporate book, 9.4% in non-vehicle retail loans and 16% growth in MFI.
  • The Vehicle loan book was broadly flat for the year. This was broadly because of subdued demand for CV most of the FY22. The demand started picking up only in later part of H2FY22.
  • MFI business (Bharat Financial inclusion), where the book has already seen >15% of pre-Covid book slip and the early delinquency portfolio has reduced sharply.
  • Asset quality improved with better GNPA. The bank holds a healthy provision coverage ratio of 72% on GNPA. In addition, the bank also holds non-NPA provisions of ~1.8% of net advances.
  • The bank reported slippages of ~Rs2,100 Cr (~3.7% of FY21 advances) during 4QFY22 (vs ~4.7% slippages in previous quarter). ~83% of the slippages came from the retail book, with ~40% coming from the microfinance. However, slippages in microfinance declined sequentially leading to substantial decline in overall retail slippages.
  • Cost to income ratio improved to 42.59% for FY22 (vs 41.13% in FY20). The increase was primarily because of branch expansion by bank.
  • As of end of Mar’22, CASA** improved to 43% of total deposits (vs 42% in previous quarter). The bank reduced its cost of deposits to 4.6% in Q4FY22 (vs 5.03% in Q1FY21). The overall cost of funds for the bank declined to 4.08% during the quarter (vs 4.26% in previous quarter)
  • The bank opened 250 IndusInd branches and 506 BFIL branches during FY22. It had a total of 5,876 branches, 2,767 ATMs, and 3.2 Cr customer base as of FY22.

Management Outlook: The bank reported a strong earnings growth led by good operating profit and decline in the provisions. Slippages are still high but the bank is well past its worst phase. Going forward, IIB may see a less exciting loan growth phase (versus past) as the focus would be on risk-adjusted returns and ensuring the balance sheet is well-positioned to absorb a macro shock. The liability franchise of IIB is steadily improving and focus is shifting towards growth. The key change in IIB today as compared to its position prior to FY2017 would be that the loan growth would be selective and cautious based  risk adjusted basis and better liability management especially after the shock witnessed in FY2020. This leading to revenue profile similar to the frontline banks and revenue profile will not be too different from frontline banks, though it commands higher NIMs versus other banks.

 

View All Notes

Key Ratios of Indusind Bank

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income 12,24015,16918,57722,03127,90835,73435,55838,15744,53455,136
Interest Income 9,69211,87214,40617,28122,26128,78329,00030,82236,36845,748
Other Income ⓘ 2,5483,2974,1714,7505,6476,9516,5597,3348,1669,388
Expenditure 10,44612,88215,70918,42524,60731,31632,72233,54637,14546,186
Interest Expense 6,2727,3558,3439,78313,41516,72415,47215,82218,77625,132
Operating Expenses 2,8703,6724,7835,5916,4058,2378,3609,55911,41214,263
Provisions1,3051,8552,5833,0504,7876,3558,8908,1656,9576,790
Profit Before Tax2,7093,4694,3605,4814,9816,1213,7846,1749,86011,942
Taxes 9151,1831,4921,8751,6791,7039481,5632,4702,992
Profit After Tax 1,7942,2862,8683,6063,3014,4182,8364,6117,3908,950
Adjusted EPS (₹)33.8838.4347.9560.0854.7763.7036.6859.5295.24114.99
Dividend Payout Ratio (%)12%12%13%12%14%0%14%14%15%14%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Share Capital ⓘ 529595598600603694773775776778
Total Reserves ⓘ 10,10117,08720,03323,22726,07233,33042,58746,90653,80161,915
Minority Interest0000000000
Deposits74,13493,0001,26,5721,51,6391,94,8682,02,0402,56,2052,93,6813,36,4383,84,793
Borrowings ⓘ 20,61824,99622,45438,28947,32160,75451,32347,32349,01147,611
Other Liabilities 6,4047,2198,9927,8718,95610,24112,08513,28917,77719,837
Total Liabilities ⓘ 1,11,7871,42,8971,78,6482,21,6262,77,8193,07,0583,62,9734,01,9754,57,8045,14,935

Assets

Balance with RBI 4,0354,5217,74910,9629,96113,67517,87160,14142,96118,557
Balance with Banks6,7445,59110,8802,2534,8222,32838,4578,13313,55018,244
Investments ⓘ 22,87834,05436,70250,07759,26659,98069,69570,97183,1161,06,527
Advances 68,78888,4191,13,0811,44,9541,86,3932,06,7832,12,5952,39,0522,89,9243,43,298
Net Block ⓘ 1,1201,2181,3071,3131,6881,7421,7341,7541,8572,001
Other Assets8,1849,0568,90212,04115,66622,47122,54621,82926,26026,111
Total Assets ⓘ 1,11,7871,42,8971,78,6482,21,6262,77,8193,07,0583,62,9734,01,9754,57,8045,14,935

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity ⓘ -1,421-2,92711,569-20,700-6,389-12,03944,64616,600-12,438-16,843
Cash Flow From Investing Activity ⓘ -276-258-274-220-638-400-233-362-520-633
Cash Flow From Financing Activity ⓘ 5,7072,517-2,76815,5058,59012,733-4,096-4,3021,115-2,242
Net Cash Flow ⓘ 4,010-6678,527-5,4151,56329440,31711,936-11,843-19,718

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Operational & Financial Ratios
EPS (₹)343848605564376095115
DPS (₹)456880591417
BVPS (₹)193291339391437486557612700802

Margin Ratios

Yield on Advances (%)14.113.412.711.911.913.913.612.912.513.3
Yield on Investments (%)7.56.57.56.96.48.17.76.65.76.2
Cost of Liabilities (%)6.66.25.65.25.56.45.04.64.95.8
NIM (%)3.33.43.63.63.44.34.04.04.14.2
Interest Spread (%)7.57.27.16.86.47.68.68.37.77.5

Performance Ratios

ROA (%)1.81.81.81.81.31.50.91.21.71.8
ROE (%)19.016.615.316.513.314.77.410.214.515.3
ROCE (%)13.813.813.513.711.411.78.210.113.014.4

Efficiency Ratios

Cost to Income Ratio (%)48.147.046.745.744.243.341.642.844.347.5
Operating Costs to Assets (%)2.62.62.72.52.32.72.32.42.52.8

Valuation Parameters

Price/Book(x)4.63.34.24.64.10.71.71.51.51.9

IndusInd Bank Ltd Stock News

IndusInd Bank Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indusind Bank on 28-Jan-2025 16:59 is ₹934.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Jan-2025 16:59 the market cap of Indusind Bank stood at ₹72,798.5.
The latest P/E ratio of Indusind Bank as of 28-Jan-2025 16:59 is 8.96.
The latest P/B ratio of Indusind Bank as of 28-Jan-2025 16:59 is 1.12.
The 52-week high of Indusind Bank is ₹1,576 and the 52-week low is ₹923.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indusind Bank is ₹49,004 ( Cr.) .

About IndusInd Bank Ltd

Established in 1994 by Srichand P Hinduja, the name ‘IndusInd’ Bank was inspired by the Indus Valley Civilisation - one of the greatest cultural example of a combination of innovation with sound business and trade practices. Over the years, the bank have grown ceaselessly and dynamically driven by a zeal to offer its customers banking services at par with the highest quality standards in the industry.

IndusInd Bank Limited was incorporated in 1994 under the Companies Act, 1956 and is licensed by the Reserve Bank of India (RBI) to operate as a commercial bank under the Banking Regulation Act, 1949. IndusInd Bank is a universal Bank with a widespread banking footprint with many customers, at various distribution points with numerous branches across the country. With ‘Sustainability’ at the core, the bank offer a wide array of products and services for individuals and corporates including microfinance, personal loans, personal and & commercial vehicles loans, credit cards and SME loans. The bank is also a preferred banking partner for various Government entities, PSUs and large corporates.

Business area of the bank

The Bank is publicly held and provides a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations. The Bank operates in India including at the International Financial Service Centres in India.

Holding, Subsidiary and Associate Companies

  • IndusInd Marketing and Financial Services Private Limited
  • IndusInd Financial Inclusion Limited

Awards and Accolades

The Bank has received many awards and accolades for excellence in managing IT Risk and Cyber security initiatives, digital payment facilitator, financial inclusion and CSR initiatives, safety and security, best data quality and information technology and for innovations, etc. Some of them are:

  • Asia’s best partner bank, NBFIs segment for transaction banking IDC Financial insights- Singapore (2019).
  • Best digital payment facilitator, World Digital Marketing Congress & CMO Asia 2019.
  • Most innovative money transfer product- India digital awards IAMAI 2019.
  • Best bank- Payment and digital initiative world BFSI Congress & awards.
  • Triple A Awards, Hong Kong- best cash management solution for Asset triple A awards - Hong Kong 2019.
  • Triple A Awards, Hong Kong- best payment and collection solution- (Financial services Bajaj Finance, Aditya Birla Capital and Ebixcash).
  • Triple A Awards, Hong Kong- best payment and collection solution- New Economy (Star Agribazaar & Indofil Industries).
  • Triple A Awards, Hong Kong-best country solutions - cash management (Thomas Cook) 2018.
  • Triple A Awards, Hong Kong- best country solutions - capital market (Samco Securities) 2018.
  • Triple A Awards, Hong Kong- best country solutions - Best e- solution, 2018-2017.
  • Triple A Awards, Hong Kong- best bank in India - PSU 2017, 2016.

History and Milestones

2013

  • IndusInd Bank launches Indus Forex Card
  • Suzuki Two-Wheelers and IndusInd Bank tie up for Retail Finance
  • IndusInd Bank enhances its core banking system to Finacle 10.2 version
  • Best Bank Award Customer Management and Business Intelligence Initiatives among Small Banks 2012-13 by IDRBT

2014

  • IndusInd Bank and American Express announce strategic partnership with the launch of the new IndusInd Bank Iconia American Express Card
  • IndusInd Bank inaugurates India’s 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 Cards
  • IndusInd Bank launches Video Branch
  • Awarded Best Mid-size Bank and Fastest Growing Mid-size Bank Business World - PwC Best Bank Survey 2014

2015

  • Indusind Bank has inked an agreement with Worldpay to offer domestic acquiring services in India
  • 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
  • Induslnd Bank launched the Chelsea FC Co-Brand Credit Card
  • Induslnd Bank launches ''Onthego'' Social banking
  • Indusind Bank completes acquisition of Royal Bank of Scotland’s 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 platforms

2016

  • IndusInd Bank partners with PayU India to revolutionize Digital Banking & Payments
  • IndusInd Bank signs MoU with Indian army
  • IndusInd Bank launches 'IndusInd For Sports'- a non-banking sports vertical
  • IndusInd Bank opens IFSC Banking Unit at GIFT City
  • Indusind Bank sings 3 year strategic agreement with IBM
  • IndusInd Bank Paytm partners with Indusind Bank to offer financing options for booking of two-wheelers

2017

  • IndusInd Bank enters into an agreement to acquire IL&FS Ltd’s Securities Services Subsidiary
  • IndusInd Bank launches IndusForex.com - one stop portal for all foreign exchange needs
  • IndusInd Bank partners with SunTec to roll out GST
  • IndusInd Bank partners with one of India’s largest CNG provider for cashless payment solutions
  • IndusInd Bank and Bharat Financial Inclusion Announce Merger

2018

  • IndusInd Bank partners with Samsung to offer Samsung Pay services to its credit card customers
  • IndusInd Bank signs a definitive share purchase agreement to acquire IL&FS Securities Services Ltd, the securities services subsidiary of IL&FS
  • IndusInd Bank Limited receives ‘No-objection’ from NSE, BSE for merger of Bharat Financial Inclusion Limited with IndusInd Bank Limited
  • IndusInd Bank launches ‘IndusInd Bank Duo Card’ - India’s first two chip debit cum credit card
  • IndusInd Bank launches ‘IndusInd Bank Nexxt Credit Card’ - India’s first interactive Credit Card with buttons

2019

  • 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 inaugurates two branches in Kolkata
  • IndusInd Bank forays into Boisar; inaugurates a branch
  • IndusInd Bank inaugurates a branch in Sadar Bazar, Delhi
  • IndusInd Bank inaugurates a branch in Jewar, Uttar Pradesh
  • IndusInd Bank launches the super-premium ‘IndusInd Bank Celesta American Express Credit Card’ with a host of exclusive features
  • IndusInd Bank inaugurates a branch in Puducherry; its second in the city
  • IndusInd Bank inaugurates a branch in Dehradun; its third in the city

2020

  • IndusInd Bank introduces ‘PIONEER’ Banking - its Wealth Management platform
  • IndusInd Bank records the ‘highest’ growth in brand value amongst top global banks
  • IndusInd Bank deploys Mobile ATM in Ahmedabad
  • IndusInd Bank expands its Video Banking platform; Launches ‘Video KYC’ for savings account and credit card customers
  • IndusInd Bank launches India’s first mobile app based facility for opening current accounts in a paperless manner
  • IndusInd Bank completes integration with CRMNEXT across all customer touch points
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Name: Atharva Bhide
Email : atharva.bhide@moneyworks4me.com
Mobile No:+91 91758 99463
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Address: The Alchemists Ark Pvt. Ltd., B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
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