Sri Sathya Sai Sanjeevani Hospital, located at Kharghar, Navi Mumbai, is set to offer launch yet another philanthropic program in cooperation with IndusInd Bank under which it will provide an extra 40 free heart surgeries to children every year. The surgeries are being provided free of cost due to the savings of around Rs 60 […]
lnduslnd Bank said it will give effect to its take over of Bharat Financial Inclusion Limited — formerly known as SKS Microfinance Limited — on July 4. The private sector bank said it received the approval of National Companies Law Tribunal or NCLT last Thursday. With the merger, “all the assets and liabilities of Bharat […]
IndusInd Bank launched what it called India’s first dual, debit cum credit card. The ‘Duo’ card has two magnetic stripes on either edges and two chips on either ends. The card design uses the anagram technique to enhance and highlight the singularity of the Duo Card. IndusInd Bank, part of the Hinduja Group, is among […]
IndusInd Bank and Delhi Metro Rail Corporation (DMRC) launched a hybrid card that works both as a smart card for metro travelers as well as a debit and ATM card. IndusInd Bank customers can use the card as a Delhi Metro Smart Card in addition to all other regular debit card transactions, the bank said. […]
Private sector lender IndusInd Bank clarified that it does not have any heavy exposure to the ongoing saga of fraud and crime involving unauthorized letters of comfort issued by an employee of Punjab National Bank. “IndusInd Bank has no direct credit exposures to Nirav Modi nor any indirect credit exposures basis the LoUs issued by […]
Indusind Bank, part of the Hinduja group, said it has raised $500 mln (about Rs 3,300 cr) by way of syndicated term loans from a group of overseas lenders. The tenor of the facility is 3 years and will be used for general banking purposes, it said. “This fund-raising, along with the funds raised during […]
Wallet app provider MobiKwik announced a tie-up with IndusInd under which it has launched an app exclusively for the bank’s 10 mln customers. The move is in line with the app company’s strategy to be a partner and solutions provider to traditional financial services companies such as banks, instead of recreating the whole banking infrastructure […]
Bharat Financial Inclusion, formerly known as SKS Microfinance, said it has entered into exclusive discussion with IndusInd Bank on a potential “strategic combination by way of amalgamation through a scheme of arrangement, or any other suitable structure.” SKS Microfinance is a non-banking finance company (NBFC) was founded in 1997 by Vikram Akula, who served as […]
IndusInd Bank signed a three-year deal to make use of IBM’s cloud-based analytics solution to enhance its customer interactions and boost its product sales, said the company. IBM will provide data analytics support to the bank to strengthen its online banking presence and increase its product sales to the customers,added the company. Data analytics have […]
IndusInd Bank and online payment company Payu India entered into a strategic partnership too joint solutions. “The partnership is aimed at bridging the gap between conventional banking world and the new age online payment systems,” the private sector bank said. It will help bring the full suite of consumer banking products online, it added. “The […]
IndusInd Bank said it has raised a total of Rs 5,081 cr by selling 6 cr (60 mln) shares to its promoters and qualified institutional investors. “The raised capital will be used to support the Bank’s growth and also augment total Capital Adequacy Ratio. The QIP issue addressed to foreign and domestic institutional investors was […]
IndusInd Bank said it completed the acquisition of Diamond & Jewellery financing business and related deposit portfolio of Royal Bank of Scotland N.V. in India. With this, the Bank said, loan portfolio is approximately Rs.41 billion has been transferred to the bank from Royal Bank of Scotland. IndusInd Bank is a private bank in India […]
