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IndusInd Bank

IndusInd Bank
Company nameIndusInd Bank
Company typePrivate Bank
IndustryBFSI
Founded1994
HeadquartersMumbai, Maharashtra, India
Revenue3260.47 Crore
Owner(s)Hinduja Group

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IndusInd Bank Limited is a Mumbai based Indian new generation bank, established in 1994. The bank offers commercial, transactional and electronic banking products and services. Indusind Bank was incorporated in April 1994 by Dr. Manmohan Singh the then Union Finance Minister. Indusind Bank is the first among the new-generation private banks in India.

The bank started its operations with a capital amount of Rs.1,000 million 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 systems by introducing newer technologies. It is also working on expanding its network of branches all across the country along with meeting the global benchmark. According to the bank, its name is derived from the rich and vivid Indus Valley Civilisation.

IndusInd Bank Video

Visit us at www.indusind.com
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In an interview with CNBC-TV18, Romesh Sobti, Managing Director and CEO, IndusInd Bank, spoke about the latest happenings in his bank and sector.
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Courtesy: Colors
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IBM Business Partner Indusind Bank uses IBM service management products and virtualization for business process automation solutions. Santosh Mohile System Integration Department, IT Division Indusind Bank
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Technical Analyst, Mitesh Thacker of miteshthacker.com is of the view that midcap banks are trading in broad range. UCO Bank trades between Rs 50-60 and IndusInd Bank trades between Rs 120 and Rs 145.
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Mitesh Thacker, Technical Analyst is of the view that IndusInd Bank has target of Rs 320-325.
0.45 min. | 0 user rating
BPLR, to which some loans were benchmarked is now about to change conceptually. It is going to be replaced by a base rate from April 1, 2010. In an interview with CNBC-TV18, MV Nair, CMD of Union Bank, and Romesh Sobti, MD and CEO of IndusInd Bank gave their perspective on the base rate.PART1
6.68 min. | 0 user rating
Mini Menon of Bloomberg UTV meets Rumesh Sobti, MD and CEO of IndusInd Bank to understand the bank's gameplan better
7.33 min. | 0 user rating

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IndusInd to Buy Deutsche's Indian Card Business - Wall Street Journal Tweet this news
Wall Street Journal--Mumbai---IndusInd Bank- Ltd has signed a pact to acquire Deutsche Bank AG's Indian credit card business, in a move that will help the local lender bolster its consumer banking operations by entering a new segment. "Deuts - Date : Mon, 11 Apr 2011 11:15:53 GMT+00:00
Deutsche Bank to transfer credit card business in India to IndusInd Bank - istockAnalyst.com (press release) Tweet this news
istockAnalyst.com (press release)--(Source: Datamonitor)Deutsche Bank has entered into an agreement to transfer its credit card business in India to -IndusInd Bank-. Prashant Joshi, Head, Private & Business Clients, India, said, "Our agre - Date : Thu, 14 Apr 2011 14:56:13 GMT+00:00
IndusInd to buy Deutsche Bank's India credit card biz - Financial Express Tweet this news
Financial Express--Mumbai: -IndusInd Bank- is poised to acquire Deutsche Bank India's credit card business. The bank has narrowed in on Axis Bank and -IndusInd Bank- from the initial 11 bidders. Deutsche Bank has 1.5 lakh active cards and outstanding - Date : Tue, 22 Mar 2011 09:12:12 GMT+00:00
Rupee gain below 44 35 36 unsustainable IndusInd Bank - Moneycontrol.com Tweet this news
Moneycontrol.com--In an interview with CNBC-TV18, Moses Harding, Executive Vice President and HD Wholesale Banking Group at -IndusInd Bank-, spoke about his reading of the currency market and the road ahead. Below is a verbatim transcript of the interview - Date : Tue, 05 Apr 2011 08:29:19 GMT+00:00
Book profits in banking stocks Baliga - Moneycontrol.com Tweet this news
Moneycontrol.com--There could be one or two other banks in the midcap space which could in fact perform -IndusInd Bank- and Federal Bank these are the two other banks which can perform.” He further added, “I see a tough quarter going ahead at least fo - Date : Fri, 15 Apr 2011 13:16:32 GMT+00:00
Investors withdraw from bank stocks on concerns over margins - India Infoline.com Tweet this news
India Infoline.com--IDBI Bank (down 3.56%), Union Bank of India (down 2.53%), Yes Bank (down 2.13%), Bank of Baroda (down 1.86%), Bank of India (down 1.64%), Canara Bank (down 1.64%), Punjab National Bank (down 1.29%), State Bank of India (down 1.06%), -I - Date : Fri, 08 Apr 2011 09:38:40 GMT+00:00
Buy IndusInd Bank target of Rs 328 Way2Wealth - Moneycontrol.com Tweet this news
Moneycontrol.com--Way2Wealth is bullish on -IndusInd Bank- and has recommended buy rating on the stock with a target of Rs 328 in its April 4, 2011 research report. “A new management team led by Managing Director, Mr. Romesh Sobti took charge of -IndusI - Date : Tue, 05 Apr 2011 07:43:14 GMT+00:00
IndusInd to buy Deutsche Bank's card biz in India - Business Standard (blog) Tweet this news
Business Standard (blog)--Private lender -IndusInd Bank- is likely to acquire the local credit card business of Deutsche Bank to mark its entry into the sector, sources familiar with the deal said on Tuesday. “If everything goes well, the deal could be - Date : Tue, 22 Mar 2011 16:10:19 GMT+00:00
Indusind Bank to announce FY 11 results on April 18, 2011 - Equity Bulls Tweet this news
Equity Bulls--A meeting of the Board of Directors of -Indusind Bank- Ltd will be held on April 18, 2011, inter alia, to consider and take on record, the Audited Financial Results of the Bank for the year ended March 31, 2011, and to recommend dividend, if - Date : Tue, 05 Apr 2011 07:46:26 GMT+00:00
IndusInd Bank offers ESOPs - Business Standard (blog) Tweet this news
Business Standard (blog)--UTV Ltd has embarked on a restructuring drive, both at the people and the organisation levels. The company's businesses of post-production, dubbing, inflight services and ad films have been spun off into a new division calle - Date : Fri, 01 Apr 2011 19:31:50 GMT+00:00

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