IndusInd
Bank
|
|
 |
|
Type
|
Private
Bank
|
Industry
|
BFSI
|
Founded
|
1994
|
Headquarters
|
Mumbai,
Maharashtra, India
|
Owner(s)
|
Hinduja
Group
|
Website
|
|
IndusInd
Bank Limited
is a Mumbai based India 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.
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