IndusInd Bank

Indusind Bank

About Bank

IndusInd Bank derives its name and inspiration from the Indus Valley civilisation -a culture described by National Geographic as 'one of the greatest of the ancient world' combining a spirit of innovation with sound business and trade practices.

Mr. Srichand P. Hinduja, a leading Non-Resident Indian businessman and head of the Hinduja Group, conceived the vision of IndusInd Bank -the first of the new-generation private banks in India -and through collective contributions from the NRI community towards India's economic and social development, brought our Bank into being.

The Bank, formally inaugurated in April 1994 by Dr. Manmohan Singh, Honourable Prime Minister of India who was then the country’s Finance Minister, started with a capital base of Rs.1,000 million (USD 32 million at the prevailing exchange rate), of which Rs.600 million was raised through private placement from Indian Residents while the balance Rs.400 million (USD 13 million) was contributed by Non-Resident Indians.

IndusInd Bank, which commenced its operations in 1994, caters to the needs of both consumer and corporate customers. It has a robust technology platform supporting multi-channel delivery capabilities.

The Bank believes in driving its business through technology. It has multi-lateral tie-ups with other banks providing access to their ATMs for its customers. It enjoys clearing bank status for both major stock exchanges - BSE and NSE - and three major commodity exchanges in the country - MCX, NCDEX, and NMCE. It also offers DP facilities for stock and commodity segments. The Bank has been bestowed with the mandate of being a Settlement Banker for six tea auction centres.

In a pioneering initiative in 'Green Banking' project, the Bank opened its first solar-power ATM in Maharashtra.

The Bank received a series of accolades commencing with the prestigious 'Technology Bank of the Year-2009' award in the private and foreign bank category from the Indian Banks' Association (IBA). It has also been recognized as the Bank with the Best Performance in Credit Quality at the FE Best Banks Awards. Recently, CRISIL has reaffirmed its P1+ rating of IndusInd Bank's fixed deposits and certificates of deposit program. Credit rating agency ICRA Ltd. has upgraded Lower Tier II Bonds rating of the Bank to LAA- (pronounced L double A minus) rating with stable outlook from LA+ (pronounced L A plus) rating with stable outlook. ICRA has also upgraded the Upper Tier II Bonds rating of IBL to LA+ rating with stable outlook from LA (pronounced L A) rating with stable outlook.

Careers

IndusInd Bank is on a high growth trajectory and is on the path to steadily becoming one of the best performing banks in the country. In the last 2 -3 years, we have grown multi – fold and are well on our way to accomplishing our vision of becoming a top performing Bank that manages scale with efficiency.

Our employees have been at the fore-front of this change. Our intent has always been to provide an enabling work environment which helps employees actualize their potential and grow in both, personal and professional hemispheres of life. We take pride that today our Bank draws upon the best talent in the Industry.Passion and a very strong achievement orientation bring people together at IndusInd Bank. It is also fuelled by an intense desire to script a growth story and act as co-owners in the business success of the Bank.

Through our benchmark HR practices, we continuously drive towards managing the employee’s career and growth aspirations and believe in building employee equity, right through their association with the Bank.

So when you join IndusInd Bank, you are not merely an employee of a Bank but a proud partner of an institution that has set out to carve a niche for itself in the Banking space.

You can expect a fulfilling career, work – life balance, immense growth opportunities, challenging assignments, cross-functional exposure and of course benchmark rewards and compensation.

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