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Induslnd Bank Limited

IndusInd Bank Limited is a modernized private sector bank in India. The bank was established in April 1994 by the Union Finance Minister Manmohan Singh. It was first new generation bank in India. The bank offers a variety of financial, commercial, transactional and electronic products and services. The bank commenced its operations with a capital amount of Rs. 1 billion out of which Rs. 400 million was raised by the Non-Resident Indian and Rs. 600 was raised by the residents of India. The bank has a chairman as R. Seshasayee and MD & CEO as Romesh Sobti.

The name of the bank was derived from the Indus Valley Civilization. The bank has 1,004 branches and 1885 ATMs spread across 625 different global locations of the country till 2016. The bank has raised the count of their branches to more 1200 branches till March 2017. The bank also has representative offices in London, Abu Dhabi and Dubai. The bank has a maximum of its branches in Mumbai location followed by New Delhi and Chennai.

The bank specializes in retail banking services and keenly interested in implementing new technologies. The bank services include-Retail Banking, Loans-Personal loan, Home loan, Education loan, Mortgage loan, Car loan and other loans., NRI banking, Corporate banking, Business services, Government and Financial Institutions services.

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