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IndusInd Bank Limited is an Indian banking and financial services company with its headquarters in Mumbai, Maharashtra. [7] It was inaugurated in April 1994 by then Union Finance Minister Manmohan Singh .
He was the CEO and MD of IndusInd Bank from 2008 to 2020, [2] [3] and of ABN AMRO Bank for the previous 12 years. [4] In 2013, The Sunday Standard presented Sobti the award for Best Banker – Growth, Mid-Sized. He was also named Business Standard 's Banker of the Year for 2013-14. In 2015, he was awarded with the Best CRM Project at the ...
The Reserve Bank of India approved his appointment for a period of three years, effective from 19 December 2018. [21] The bank transitioned from infrastructure financing to retail banking in four years since the merger. Its CASA ratio increased from 8.6% to 49.77% and retail deposits went up from 27% to 76% of total deposits, as of March 2023.
IndusInd Bank This page was last edited on 5 March 2021, at 07:22 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 License ...
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India’s commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs.
IndusInd Bank and Thailand based financial service provider DeeMoney will use UPI ID to verify customers in India for cross border transaction. This is part of the Money Transfer Operator (MTO) partners programme of NPCI. [134] IndusInd Bank is planning to collaborate with more foreign entities to increase acceptability of UPI abroad. [135]
Rank Name of the Bank Year of Founding Year of Closing Fate Headquartered in References [1]; 1: The Madras Bank (1683) 1683: 1843: Merged with the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank to form the Bank of Madras in 1843
Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791. [1] [2] [3] [4]