Milestones

Select Year

With over 18 years of Operating History

2012 - 2013
  • IBA Banking Technology Awards

1st Runners- Up
    • Best Risk Management & IT Security
    • Best Use of Technology in training & e Learning

2nd Runners-Up
    • Best Online Bank
    • Best use of Business Intelligence
    • Best use of Mobility technology in Banking

  • Awarded “The best bank award among small banks for ‘IT for Operational Effectiveness’ by Institute for Development and Research in Banking Technology (IDRBT).”
  • Awarded “ Top Green IT Enterprise Award 2012 – CIO Magazine”
  • CISO - Awarded one of the Top 100 Chief Information Security Officer awards 2012, organized by InfoSecurity Magazine and iViz Security
  • NASSCOM IT User Award 2012 for “Environmental Sustainability” (Frost & Sullivan)
    2011 - 2012
    • Awarded as the “Best Bank Mid-sized” in Businessworld–PwC Best Banks Survey 2011
    • Awarded as the “Best Mid-Sized Bank  Bank” in Business Today –KPMG Best Banks Survey 2011
    • Awarded M.IT.R- 50 Marketing & IT Recognition Program amongst  top 50 brands –organised by Paul Writer in association with IBM
    • The CII Environmental Best Practice Award 2012 for the “Most Innovative Project”
    • Awarded in the “Business Enterprise Services” category for running ATMs on solar power – Organised by Panasonic Green Globe Foundation 
    • Awarded the status of ‘Star Brand 2011 ICMR Star Brands of India Survey
    • Awarded the “Best Bank in New Generation Category ” by the STATE FORUM OF BANKERS CLUB KERALA
    • Awarded “Most Improved Bank Performance of the Year” at Financial Leadership Awards 2012 (Bloomberg UTV)
    2010 - 2011
    • ‘Most Improved Bank Performance of the Year’ awarded by Bloomberg UTV Financial Leadership Awards 2011
    • Winner of ‘Best Use of technology in training and e-Learning Initiatives’ awarded by IBA Banking Technology Awards 2010
    • Runners up of ‘Best Risk Management’ Initiatives awarded by IBA Banking Technology Awards 2010
    • Silver winner of ‘Excellence in Business Process Management and Work flow in Australia and Asia Region’ Global awards by Workflow Management Coalition and BPM.com, USA
    • Talisma User awards for ‘Enterprise Adoption’ of CRM– 2010
    • Ranked 2nd in the fastest growing Bank (mid-size) category – published in “India’s Best Banks” report by Business World and PWC
    • ‘Excellence Award’ as the 2nd best New Generation Bank in Kerala for the second consecutive year awarded by the State Forum of Bankers Clubs, Kerala
    2009 - 2010
    • Awarded the "Best Priority Sector Bank" amongst the private sector banks by Duns & Bradstreet
    • Tier II Issue – raised Rs. 4200 million in March 2010
    • Awarded the ‘Technology Bank of the Year-2009’ from IBA
    • “Excellence Award’, the 2nd best new generation bank in Kerala by the State Forum of Bankers’ Clubs, Kerala
    • Recognised for 'Best Performance in Credit Quality' by inancial Express
    • Received the prestigious ISO 27001 certification for IT operations
    2008 - 2009
    • QIP Issue – raised Rs. 4803 million in August 2009
    • Regulatory clearance for 113 new branches are in place
      (as of June 30,2010)
    • Appointed as Clearing & Settlement Bank at 6 major Tea Auction centres
      (includes 2 which were added in 2010)
    • Tied up with BONY Mellon for on line remittances from United States to India
    2007 - 2008
    • GDR Issue - raised Rs 2,222 million; Ratings: ICRA Highest A1+ - CDs, Crisil P1+: CDs, FDs
    • New Launch/Rollout: Mid market Investment Bank, 3rd Party Distribution Platform, Warehouse Receipt Finance
    • Awards/Recognition: The Smart Workplace - Economic Times, Best CSR Practice Company – BSE/NASSCOM
    • Extended microfinance to 300,000+ women by partnering leading MFIs like SKS Mircofinance
    • Extensive IT initiatives
    • Became clearing/settlement bank for NSE currency futures exchange
    • New management team headed by Romesh Sobti inducted from ABN AMRO Bank NV
    2006 - 2007
    • GDR - raised Rs 1,460 million, tied up with Cholamandalam MS for bancassurance
    • Signed an agreement with National Multi Commodity Exchange Ltd  as clearing banker
    2005 - 2006
    • Tied-up with Religare Securities for offering 3-in-1 account covering banking,  depository & securities trading
    • Tied up with Aviva Life Insurance for bancassurance
    2004 - 2005
    • Signed an agreement with NCDEX as clearing banker
    • Opened its second representative office in London
    2003 - 2004
    • Ashok Leyland Finance Ltd, a leading NBFC merged with the Bank (total 115 branches), opened representative office in Dubai
    2002 - 2003
    • IndusInd Enterprises & Finance Ltd, a NBFC & one of the promoters of the Bank amalgamated with the Bank
    • Increased branch network to 53
    2001 - 2002
    • Tie ups with exchange houses in Middle East and banks in the United States

    1994 - 2000

    • IPO - raised Rs 1,800 million, became clearing bank to First Commodities Clearing Corporation of India
    • 2000 – Became clearing/settlement bank for BSE/NSE
    • Raised Rs 1,000 million through preferential issue of shares
    • Incorporated in 1994; Promoted by a group of Non Resident Indians. Started
      operations with Rs 1000 Mn Capital

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