| 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
- Awarded the CII Environment Best Practice Award 2012 for the “Most Innovative Environmental 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
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| 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
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| 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
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| 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
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1994 - 2000
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- 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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