IndusInd Bank Stock

IndusInd Bank Limited provides various banking products and services primarily in India. It operates overseas representative offices in London and Dubai.

Divisions

Retail / Consumer Banking: The company offers various retail / consumer banking services. It offers life insurance and general insurance products to the customers.

Consumer Finance: The Consumer Finance Division (CFD) extends asset-backed financing for a range of vehicles spanning across heavy commercial vehicles, three-wheelers, cars, and two-wheelers. Specialty construction equipment like tippers, cranes, excavators, and loaders are also financed.

Corporate & Commercial Banking: The Corporate and Commercial Banking Group (CCBG) comprises four strategic business units, such as corporate & investment banking, commercial banking, business banking, and financial institutions & public Sector.

Global Markets Group: The Global Markets Group (GMG) is a multi-task unit of the company comprising functions, such as support to business units in sale of international business products, including derivatives and bullion import; conducting proprietary trading in fixed income, currencies, and equity markets within the set policy framework; and management of balance sheet and ALM, including maintenance of SLR / CRR.

Transaction Banking Group: The Transaction Banking Group includes product lines of cash management services, trade services & financing, supply chain financing, global remittances, commodity financing, electronic banking, and capital & commodity markets.

Products and Services

The company principally offers accounts, including regular savings, Indus easy savings account, demat account, RFC account, current account, specialized account, and premium savings account; deposits, such as flexi term, two-in-one, sweep-in/sweep-out, young saver, senior citizen scheme, regular recurring, and flexi recurring deposits; loans, such as personal, home, small business, two-wheeler, commercial vehicle, car, and construction equipment loans, as well as loans against shares, property, rent receivables, mutual funds, and specific securities; and regular deposit cards, gift cards, and gold debit cards.

The company also provides wealth management services comprising portfolio management, investments in bonds, and insurance services, as well as sells gold coins. In addition, it offers corporate banking services, including working capital finance, term loans, trade and transactional services, foreign exchange, and cash management services; international banking services comprising documentary credits, stand by letter of credit, guarantees, remittances, and acceptance of collections; and investment banking services, such as financial and corporate advisory services, equity placements, cross border transactions, debt restructuring, and equity syndication. It also provides treasury, capital/commodities market, NRI, and online and phone banking services.

History

IndusInd Bank Limited was founded in 1994.