IndusInd Bank supports community welfare and environmental sustainability

Installs solar panels at Maharashtra Arogya Mandal’s Sane Guruji Arogya Kendra, Pune

Mumbai, June 26 2023: IndusInd Bank today announced that as a part of its CSR program ‘Institutions on Solar’, Bank has completed the installation of rooftop grid connected solar panels at Maharashtra Arogya Mandal’s Sane Guruji Arogya Kendra, Pune. The installation is a large scale grid solar Photovoltaic system of 100-kW of energy, that will generate nearly 1,40,000 units of electricity yearly, thereby reducing carbon emission by over 113 Metric Tonnes. Moreover, it will help the Hospital save on expenses, which then will be utilized by the hospital to increase their outreach in community activities, purchase of equipments, training their staff etc.

Through this initiative, the Bank aims to support the transition to a low-carbon economy and promote sustainable development practices. Bank’s ‘Institutions on Solar’ CSR program focuses on sustainable banking and environmental stewardship and has successfully installed total 823 kW solar system at 20 different sites until 2023. The installation was inaugurated by senior officials of the Bank along with trustees/senior officials of the hospital and the implementing partner CERE.

Speaking about the achievement, Roopa Satish, Head – Sustainable Banking and CSR, IndusInd Bank, said “We at IndusInd Bank understand that our sphere of influence goes beyond the financial eco-system and as an organization, we are committed towards the upliftment of the economy, society and the environment in equal measures. The installation of solar panels at the Maharashtra Arogya Mandal’s Sane Guruji Arogya Kendra in Pune reaffirms our commitment towards helping the hospital reduce its carbon footprint significantly, while also facilitating help to other patients in need. The Bank has always considered it as an honour to contribute and be a partner of choice for such noble causes and shall further continue to do so in the future.”

About IndusInd Bank:

IndusInd Bank Limited commenced its operations in 1994 catering to the needs of consumer and corporate customers. Since its inception, the Bank has redefined the banking experience for its customers including various government entities, PSUs and large corporations. As on March 31, 2023, IndusInd Bank has a customer base of approx. 34 million, with 2606 Branches/Banking Outlets and 2878 ATMs spread across geographical locations of the country and covering 1,37,000 villages. The Bank has representative offices in London, Dubai and Abu Dhabi. The Bank believes in driving its business through technology that supports multi-channel delivery capabilities. It enjoys clearing bank status for both major stock exchanges BSE and NSE and settlement bank status for NCDEX. It is also an empanelled banker for MCX. IndusInd Bank was included in the NIFTY 50 benchmark index on April 1, 2013.

RATINGS

Domestic Ratings:

• CRISIL AA + for Infrastructure Bonds program/Tier 2 Bonds
• CRISIL AA for Additional Tier 1 Bonds program
• CRISIL A1+ for certificate of deposit program / short term FD program
• IND AA+ for Senior bonds program/Tier 2 Bonds by India Ratings and Research
• IND AA for Additional Tier 1 Bonds program by India Ratings and Research

International Ratings:

• Ba1 for Senior Unsecured MTN programme by Moody’s Investors Service

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