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IndusInd Bank Limited was incorporated in 1994 as a commercial bank under the Banking Regulation Act, 1949. The Bank is publicly held and provides a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations. The Bank operates in India including at the International Financial Service Centres in India.
IndusInd Bank has been penalized INR 1 Cr by the insurance regulator following an inspection of its bancassurance operations. The penalty stems from deficiencies found in policyholder grievance redressal, reporting mechanisms, website disclosures, and renewal notices related to third-party insurance product distribution.
IndusInd Bank has launched an Overdraft and Cash Credit linked corporate credit card for businesses. This solution links directly to existing working capital accounts, eliminating separate billing cycles while boosting operational efficiency and liquidity management for corporate customers.
IndusInd Bank has partnered to power its UPI operations with a new payment switch, scaling core technology infrastructure to enhance transaction routing, processing resilience, and capacity for everyday digital payment volumes.
IndusInd Bank has received an independent ESG rating of 69 from Crisil ESG Ratings & Analytics Limited, assigned using publicly available information without any prior engagement from the bank.
IndusInd Bank joined the Partnership for Carbon Accounting Financials (PCAF). This move strengthens its commitment to measuring and disclosing GHG emissions from financial activities, boosting transparency and supporting a low-carbon economy.