Indusind Bank – SWIFT codes in India

Indusind Bank – SWIFT codes in India



History of IndusInd Bank

Founding and early years

IndusInd Bank was founded in 1994 by a group of visionary entrepreneurs, led by Mr. S. P. Hinduja. The bank commenced its operations with a clear vision to provide world-class banking services to its customers. In its early years, IndusInd Bank focused on establishing a strong presence in the Indian market and building a robust customer base.

Mergers and acquisitions

Over the years, IndusInd Bank has undergone several mergers and acquisitions to strengthen its position in the market. In 2004, the bank merged with Ashok Leyland Finance, a leading non-banking financial company (NBFC), to expand its presence in the vehicle financing segment. In 2010, IndusInd Bank acquired Deutsche Bank’s credit card business in India, which helped the bank establish a strong foothold in the credit card market.

Recent developments

In recent years, IndusInd Bank has focused on expanding its digital capabilities and enhancing its customer experience. The bank has invested heavily in technology and has launched several innovative digital products and services, such as the IndusInd Bank Mobile App, Video KYC, and IndusInd Bank Nexxt Credit Card. These initiatives have helped the bank stay ahead of the curve in terms of digital banking solutions.

Products and Services

IndusInd Bank offers a comprehensive range of products and services to cater to the diverse needs of its customers. Let’s take a closer look at some of the key offerings:

Personal Banking

  1. Savings Accounts: IndusInd Bank offers a variety of savings account options, such as the Indus Easy Savings Account, Indus Deluxe Savings Account, and Indus Elite Savings Account, each tailored to meet the specific needs of different customer segments.
  2. Current Accounts: The bank provides current account solutions for individuals and businesses, with features like online banking, mobile banking, and personalized cheque books.
  3. Fixed Deposits: Customers can invest their savings in fixed deposits with competitive interest rates and flexible tenures.
  4. Loans: IndusInd Bank offers a wide range of loan products, including personal loans, home loans, car loans, and education loans, with attractive interest rates and easy repayment options.
  5. Credit Cards: The bank provides a variety of credit cards, such as the IndusInd Bank Nexxt Credit Card, IndusInd Bank Platinum Credit Card, and IndusInd Bank Signature Credit Card, each offering unique benefits and rewards.

Corporate Banking

  1. Working Capital Finance: IndusInd Bank provides working capital finance solutions to help businesses meet their short-term financial requirements.
  2. Term Loans: The bank offers term loans to corporates for their long-term funding needs, such as expansion, modernization, and capital expenditure.
  3. Trade Finance: IndusInd Bank provides comprehensive trade finance solutions, including letters of credit, bank guarantees, and export credit, to support businesses in their international trade activities.
  4. Cash Management Services: The bank offers efficient cash management services, such as collections, payments, and reconciliation, to help businesses streamline their financial operations.

NRI Services

IndusInd Bank provides a range of services specifically designed for Non-Resident Indians (NRIs), such as NRI savings accounts, NRI fixed deposits, and NRI investment options, to help them manage their finances seamlessly.

Digital Banking

IndusInd Bank has been at the forefront of digital banking initiatives in India. The bank offers a host of digital services, such as mobile banking, internet banking, UPI payments, and digital wallet solutions, to provide customers with convenient and secure banking experiences.

Corporate Social Responsibility

IndusInd Bank is committed to giving back to society and has been actively involved in various Corporate Social Responsibility (CSR) initiatives. The bank’s CSR efforts focus on areas such as education, healthcare, environmental sustainability, and rural development. Some notable initiatives include the IndusInd Foundation, which works towards creating sustainable livelihoods, and the IndusInd Blind Faith Campaign, which aims to create awareness about eye donation.

Awards and Recognition

IndusInd Bank has been recognized for its excellence in various categories over the years. Some of the notable awards and accolades received by the bank include:

  • Best Private Sector Bank in India by FinanceAsia (2019)
  • Best Bank for SMEs in India by Asiamoney (2019)
  • Best Digital Bank in India by The Asset Triple A Digital Awards (2020)
  • Best Mid-Size Bank in India by Business Today-KPMG Best Banks Survey (2020)

Financial Performance

IndusInd Bank has demonstrated consistent financial performance over the years. In the financial year 2020-21, the bank reported a net profit of Rs. 2,836 crore, with a net interest income of Rs. 12,058 crore. The bank’s total deposits stood at Rs. 2,56,394 crore, while its advances were at Rs. 2,12,595 crore. IndusInd Bank has maintained a strong capital adequacy ratio and has consistently delivered healthy returns to its shareholders.

Future Outlook

IndusInd Bank is well-positioned to capitalize on the growth opportunities in the Indian banking sector. The bank’s focus on digital innovation, customer-centricity, and expanding its product and service offerings bodes well for its future growth prospects. As the Indian economy continues to recover from the impact of the COVID-19 pandemic, IndusInd Bank is expected to play a crucial role in supporting businesses and individuals with their financial needs.


IndusInd Bank has come a long way since its inception in 1994. With a strong focus on innovation, customer service, and technological advancements, the bank has established itself as a leading player in the Indian banking industry. As IndusInd Bank continues to expand its presence and offerings, it is poised to achieve new milestones and contribute significantly to the growth of the Indian economy.


  1. What is the minimum balance required for an IndusInd Bank savings account? The minimum balance requirement for an IndusInd Bank savings account varies depending on the type of account and the location of the branch. Customers can check the specific requirements on the bank’s website or by contacting their nearest branch.
  2. How can I apply for an IndusInd Bank credit card? You can apply for an IndusInd Bank credit card online through the bank’s website or by visiting your nearest IndusInd Bank branch. The bank offers a range of credit cards to suit different needs and preferences.
  3. What is the process for opening an NRI account with IndusInd Bank? To open an NRI account with IndusInd Bank, you can visit the bank’s website and fill out the online application form. You will need to provide the necessary documents, such as your passport, visa, and proof of address. Alternatively, you can visit your nearest IndusInd Bank branch or contact the bank’s NRI desk for assistance.
  4. Does IndusInd Bank offer mobile banking services? Yes, IndusInd Bank offers a comprehensive mobile banking app that allows customers to access their accounts, make transactions, pay bills, and manage their finances on the go. The app is available for both Android and iOS devices.
  5. What are the different types of loans offered by IndusInd Bank? IndusInd Bank offers a wide range of loan products, including personal loans, home loans, car loans, education loans, and business loans. Each loan product has its own unique features, interest rates, and repayment terms. Customers can visit the bank’s website or contact their nearest branch for more information on specific loan offerings.

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