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IndusInd Bank Limited is one of the largest private sector banks in India, offering a wide range of financial services. The bank operates through various business divisions including Corporate Banking, Retail Banking, Treasury, Foreign Exchange Operations, Investment Banking, and Capital Markets. It provides multi-channel facilities such as ATMs, net banking, mobile banking, and international debit cards. IndusInd Bank has a network of 2,984 branches and 2,956 ATMs across India as of March 2024. The bank's balance sheet crossed Rs 5 lakh crore, with deposits of Rs 3,84,586 crores and loans of Rs 3,43,298 crores. Its total income stood at Rs 30,012 crores as of March 2024. The bank offers products like microfinance, personal loans, vehicle loans, credit cards, and SME loans. It also provides wealth management services, managing Assets Under Management of Rs 2,50,540 Crores through various investment products.
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Company insights, generated from the most recent coverage.
IndusInd Bank faces a severe governance crisis after ₹1,530 crore derivative losses and delayed disclosures, leading to RBI-mandated resignations of the CEO and deputy, severely damaging investor confidence.