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Delhi Metro In Association With IndusInd Bank Launches ‘METRO PLUS’ Debit Card To Ensure Smooth And Cashless Transactions Across Network
Posted on Wednesday, March 28th, 2018 | By IndusInd Bank
New Delhi, March 25, 2018: The Delhi Metro Rail Corporation (DMRC) in association with the IndusInd Bank today launched a dual purpose ‘METRO PLUS’ debit card for the benefit of the Delhi Metro commuters. The ‘Metro Plus Card’ was jointly launched by DMRC’s Managing Director Dr. Mangu Singh and Mr. Ritesh Raj Saxena, EVP &…
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IndusInd Bank and Ripple tie up for Cross Border Remittances
Posted on Tuesday, February 27th, 2018 | By IndusInd Bank
Mumbai, February 27, 2018, Tuesday : IndusInd Bank announced its partnership with Ripple, the enterprise blockchain solution for global payments, to facilitate payments into and out of India. With this affiliation, RippleNet can now provide instant access in emerging markets such as India, Brazil and China. In 2017, India saw a total of $65 billion…
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IndusInd Bank Q3FY 18 Net Profit up by 25 % to Rs 936.25 crores, Balance sheet size crosses 2 lakh crores , ROA (Annualised) at 1.96%
Posted on Monday, January 29th, 2018 | By IndusInd Bank
Highlights Q3 FY 2018 A quarter of steadfast performance Deposit growth up 23% Y-o-Y Saving Deposit Growth up 68% Y-o-Y Credit growth up 25% Y-o-Y Net Interest Income up 20 % Y-o-Y Net profit up 25 % Y-o-Y Return on Assets (ROA) at 1.96 % Capital Adequacy Ratio (CRAR) at 15.83 % Mumbai, January 11…
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IndusInd Bank partners with one of India’s largest CNG provider for cashless payment solutions
Posted on Tuesday, October 24th, 2017 | By IndusInd Bank
October 11, 2017, Mumbai: IndusInd Bank, in partnership with Indraprastha Gas Limited (IGL) – one of India’s largest CNG companies- will be the sole provider of prepaid CNG smartcards for commercial and private vehicles, facilitating cashless transactions at all IGL’s CNG gas stations. The card was launched earlier today at an event in New Delhi,…
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IndusInd Bank and Bharat Financial Inclusion Announce Merger
Posted on Tuesday, October 24th, 2017 | By IndusInd Bank
Companies with steadfast belief in Microfinance Complimentary network, customers and products Compelling Revenue synergies from Day 1 Share exchange ratio of 639 IndusInd Bank shares for 1,000 Bharat Financial Inclusion Limited shares Mumbai, October 14, 2017: The Board of Directors of IndusInd Bank Ltd. (“IndusInd”) and the Board of Directors of Bharat Financial Inclusion Limited…
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IndusInd Bank Q2FY 18 Net Profit up by 25 % to Rs 880.10 crores, NIM stable at 4.00%
Posted on Monday, October 23rd, 2017 | By IndusInd Bank
Key Performance Highlights Q2 FY 2018 A quarter of steadfast performance Deposit growth up 26% Y-o-Y Saving Deposit Growth up 95% Y-o-Y Credit growth up 24% Y-o-Y Net Interest Income up 25 % Y-o-Y Operating profit up 27 % Y-o-Y Return on Assets (ROA) up at 1.90 % Capital Adequacy Ratio (CRAR) at 15.63 %…
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IndusInd Bank partners with SunTec to roll out GST
Posted on Thursday, August 31st, 2017 | By IndusInd Bank
Mumbai, August 31, 2017 – IndusInd Bank has partnered with SunTec Business Solutions to facilitate in computing and invoicing of Debit Tax and Credit Tax. This partnership would be targeted to enable IndusInd Bank with a smooth transition with the various drafts of the GST Act and provide uninterrupted service to its customers. This announcement…
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IndusInd Bank Q1 Net Profit up by 26 % to Rs. 836.55 crores, NIM stable at 4.00% Total business crosses Rs. 2,50,000 crores
Posted on Tuesday, July 11th, 2017 | By IndusInd Bank
Highlights Q1 FY 2017-18 A quarter of steadfast performance NIM stable at 4% Deposit growth up 31 % Y-o-Y Credit growth up 24% Y-o-Y Net Interest Income up 31% Y-o-Y Operating profit and Net Profit up 29% and 26% Y-o-Y respectively CASA up 44% Y-o-Y, SA rose 65% Y-o-Y Capital Adequacy Ratio (CRAR) at 16.18%…
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IndusInd Bank inaugurates a new branch in Kota
Posted on Thursday, June 29th, 2017 | By IndusInd Bank
Rajasthan, June 29, 2017: IndusInd Bank recently inaugurated its second branch in Kota, India’s technical education hub. The new branch is located at Plot no 2- Kha-6, Near Southpoul Restaurant, Vigyanagar, Jhalawar Road, Kota. With the inauguration of this branch, the bank now has 94 branches in the state of Rajasthan. The new branch was…
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M1 Exchange Completes Its First TReDS Transaction with IndusInd Bank
Posted on Monday, May 15th, 2017 | By IndusInd Bank
New Delhi, 9 May 2017: Mynd Solutions’ M1 Exchange today announced its first successful online invoice discounting transaction. M1 Exchange had gone live for the customers (MSME sellers, corporate buyers and financiers) from April 7, 2017. The transaction worth Rs. 91 Lakhs was discounted on the Exchange by IndusInd Bank for a supplier of a…
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IndusInd Bank inaugurates a new branch in Jaipur – Expands presence across Rajasthan
Posted on Tuesday, May 9th, 2017 | By IndusInd Bank
Jaipur, May 5, 2017: IndusInd Bank recently inaugurated its 18th branch in Jaipur, the ‘Pink City of India’. The new branch is located at Ground floor, Shop no 1 & 2, Residency Royale, Sardar Patel Marg, C-Scheme, Jaipur, Rajasthan-302001. With the inauguration of this branch, the bank now has 94 branches in the state of…
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IndusInd Bank inaugurates a new branch in Bhinder – Expands presence across Rajasthan
Posted on Wednesday, April 26th, 2017 | By IndusInd Bank
Rajasthan, April 24, 2017: IndusInd Bank recently inaugurated its first branch in Bhinder, known for its silver and cloth market. The new branch is located at Ground floor plot No. 04, Outside Rampole Darwaja, Station road Bhinder, Udaipur, Rajasthan – 313603. With the inauguration of this branch, the bank now has 94 branches in the…
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IndusInd Bank Wins Celent Model Bank of the Year Award For Growing Revenue While Managing Fraud; Endorsement of Clari5’s ‘Yin & Yang’ Approach to Fraud Management and Cross-sell
Posted on Monday, April 24th, 2017 | By IndusInd Bank
Mumbai, 20 April 2017. IndusInd Bank has won the Celent Model Bank 2017 Global Award for Fraud Management and Cybersecurity for driving a unique initiative, namely how to leverage the investments in fraud management to pay for itself. In the innovation, IndusInd Bank not only implemented the real-time enterprise wide cross-channel fraud and AML management…
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IndusInd Bank Net Profit for the year up by 25 % to Rs 2,867.89 crores, NIM for Q4 FY17 stable at 4.00% Balance Sheet at Rs. 1,78,648 crores
Posted on Wednesday, April 19th, 2017 | By IndusInd Bank
Highlights Q4 FY 2017 A quarter of steadfast performance NIM stable at 4% Deposit growth up 36 % Y-o-Y Credit growth up 28% Y-o-Y Net Interest Income up 31% Y-o-Y Operating profit and Net Profit up 37% and 21% Y-o-Y respectively Capital Adequacy Ratio (CRAR) at 15.31 % Mumbai, April 19, 2017: The Board of…
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IndusInd Bank launches IndusForex.com – one stop portal for all foreign exchange needs
Posted on Tuesday, April 18th, 2017 | By IndusInd Bank
IndusInd Bank has launched IndusForex.com, a one-stop portal for all foreign exchange needs of Indian consumers. With the help of this portal, one can buy multi-currency foreign exchange cards and reload it anytime, anywhere in 8 different currencies. The portal also gives the freedom to sell the foreign exchange currency after the international trip has…
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IndusInd Bank Q3 Net Profit up by 29 % to Rs 750.64 crores, NIM stable at 4.00% Balance Sheet at Rs. 1,67,102 crores
Posted on Tuesday, January 10th, 2017 | By IndusInd Bank
Highlights Q3 FY 2017 A quarter of steadfast performance NIM stable at 4% Deposit growth up 38% Y-o-Y Credit growth up 25% Y-o-Y Net Interest Income up 35% Y-o-Y Operating profit and Net Profit up 29% Y-o-Y Capital Adequacy Ratio (CRAR) at 15.31 % Mumbai, January 10, 2017: The Board of Directors of IndusInd Bank…
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IndusInd Bank launches ‘World Champions Programme – Cricket for the Blind’ in partnership with Cricket Association for the Blind in India
Posted on Friday, December 23rd, 2016 | By IndusInd Bank
~ Supports and unveils 26-member IndusInd Bank Blind Indian Cricket Squad ~ Mumbai, December 21, 2016: IndusInd Bank announces the launch of the ‘World Champions Programme – Cricket for the Blind’, in partnership with Cricket Association for the Blind in India (CABI) – Sports Initiative of Samarthanam Trust for the Disabled to aid the Indian…
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IndusInd Bank Q2FY 17 Net Profit up by 26 % to Rs 704.26 crores, NIM at all time high of 4.00% Stable loan book with net credit cost of 14bps
Posted on Wednesday, October 12th, 2016 | By IndusInd Bank
Highlights Q2 FY 2017 Undeviating quarter with robust all round growth Deposit growth up 39% Y-o-Y Credit growth up 26% Y-o-Y Operating profit up 27 % Y-o-Y Net Interest Income up 33 % Y-o-Y Return on Assets (ROA) at 1.93 % Capital Adequacy Ratio (CRAR) at 15.32 % Net NPA at 0.37% Mumbai, October 12…
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IndusInd Bank launched “JeetKaHalla” an initiative to support the Para-athletes
Posted on Friday, September 9th, 2016 | By IndusInd Bank
Mumbai, September 9, 2016: IndusInd Bank in association with GoSports Foundation has launched “JeetkaHalla” a campaign to support the Para-athletes under the Para Champions Program. Espousing the cause, IndusInd Bank aims to bring to light their contribution to the country by creating a nationwide movement of support.This campaign, which highlights the achievements of the para-athletes…
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IndusInd Bank launches Internet Payment Gateway as a part of its Payment Solutions business
Posted on Saturday, July 30th, 2016 | By IndusInd Bank
Mumbai, July 30, 2015: IndusInd Bank has further strengthened its Payment Solutions business through launch of an Internet Payment Gateway for enabling online acceptance of credit/debit and Prepaid Card. The Payment Gateway will support acquisition of VISA, MasterCard and RuPay cards, besides net banking transactions. IndusInd Bank has partnered with Pay U India (part of…
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