IndusInd Bank Limited (INDUSINDBK.NS)

1,515.70 +28.45 (+1.91%) At close: 03:30PM IST

IndusInd Bank Limited

One World Centre
Tower 1, 8th Floor 841, Senapati Bapat Marg Prabhadevi (West)
Mumbai 400013
India
91 22 2423 1999
https://www.indusind.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Sumant Kathpalia	MD, CEO & Additional Director	75M	N/A	1961
Mr. Gobind Jain	Chief Financial Officer	N/A	N/A	N/A
Mr. Arun Khurana	Deputy CEO & Whole time Director and Head of Gems,Jewellery business	N/A	N/A	N/A
Mr. Samir Dewan	Head of Affluent Banking & International Business	N/A	N/A	N/A
Mr. K. S. Sridhar	President	N/A	N/A	N/A
Mr. Bhavesh Lakhani	Chief Technology Officer	N/A	N/A	N/A
Mr. Indrajit Yadav	Head of Investor Relations & Strategy	N/A	N/A	N/A
Mr. Sachin Shamkant Patange	Chief Compliance Officer	N/A	N/A	1968
Mr. Soumitra Sen	Head of Consumer Bank & Marketing	N/A	N/A	N/A
Mr. Zubin Mody	Chief Human Resources Officer	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in INR.

Description

IndusInd Bank Limited provides various banking products and services to individuals, NRIs, business owners, corporates, and government and financial institutions. It operates through four segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The company offers current, savings, defense, and corporate salary; and fixed and FCNR, sweep in/out deposits, senior citizen schemes, young saver deposits, and recurring and RFC deposits, as well as Rupee multiplier products. It also provides home, personal, car, two wheeler, gold, agricultural, and medical equipment loans, as well as loans against property and securities; micro-finance loans; MSME loans; business loans; loans to merchants and retailers; personal and professional loans; and loan on credit cards. In addition, the company offers transaction banking services, including letters of credit/guarantees, structured trade and export finance, and import finance solutions, as well as cash management and remittance services; investment products, such as demat account, mutual fund, gold bond, national pension system, and equity trading; project finance, supply chain financing; investment advisory, strategic M&A, and other advisory services; and health, general, life, and card protection insurance. Further, it provides debit, credit, forex, and commercial cards; individual outward remittances, foreign currency bank notes and demand drafts, and travelers cheques; financial inclusion products; trade and foreign exchange accounts; real estate developer financing and bullion services; correspondent banking services; and forex and derivative desk, information and advisory, and remittances through forex channel services. IndusInd Bank Limited was incorporated in 1994 and is based in Mumbai, India. IndusInd Bank Limited was incorporated in 1994 and is based in Mumbai, India.

Corporate governance

IndusInd Bank Limited’s ISS governance QualityScore as of 1 April 2024 is 1. The pillar scores are Audit: 5; Board: 1; Shareholder rights: 1; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.