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Duringthe year 2007-08, the Bank signedanagreementwithNationalMulti CommodityExchange Ltd
(NMCE) to become theirclearingbank.Duringthe year2007-08, the Bank wasawardedthe highestA1+
ratingfor theirCertificatesof DepositbyICRA andthe highestP1+ ratingfor theirFixedDepositsand
Certificatesof DepositbyCRISIL.TheyalsoreceivedrecognitionbyBSEand NASSCOMFoundationfor
the BestCorporate Social ResponsibilityPractice Category.Duringthe year2008-09, The Bank launched
the Gold andInvestmentverticals,whichcontributedinexcessof Rs5crore of revenue inthe firstyear
of operations.Theyalsolaunchedtwonew channels - WealthRelationshipManagersandthe Central
AcquisitionTeam(CAT).The Bankcommencedthe processof opening'new lookbranches'toenhance
the bankingexperience of customersandtoprovide personalattentiontotheirneeds.Theyalready
openedfive brancheswiththe newlookatBandra,Kolkata,Ludhiana,VadodaraandLucknow.The
ConsumerBankingopenedtheirnewAdministrative Office inGurgaon.InAugust2008, the Bank
acquiredthe micro-financeportfoliofromSKSMircofinance.InOctober2008, theysignedaco-partner
agreementwithWorldGoldCouncil forjointpromotionof packagedandcertifiedgoldcoinsandingots
inIndia.In January2009, theyenteredintoaMoU withCRISILto rate the Bank'sclients.Duringthe year
2009-10. Duringthe year,the Corporate Office inMumbai movedintonew spaciouspremisesatOne
IndiabullsCentre,Elphinstone Road (W),Mumbai.The Bankcontinuedthe processof opening:new-look
branches'/ off-site ATMsatvariouslocations,viz.,branchesinChennai,Secunderabad,Phagwara,
Coimbatore,Pune,Hapurandoff-siteATMsenhancingthe customerexperiencesatprimary
touchpoints.InOctober2011, the Bank enteredintoanarrangementwithMoscow-basedcommercial
bankJCB Unistreamfor Indiaboundremittances.InFebruary2011, theysignedanMoU withMahindra
& Mahindra Ltd inwhichthe Bank will be one of the preferredfinanciersforthe entire range of vehicles
soldby Mahindra& Mahindra Ltd and alsoextendpassengerandcommercial vehicle finance totheir
customers.InJune 2011, the BanksignedanagreementwithAtosWorldline India(Venture Infotek)for
pointof sale (POS) acquiringsolutions.The Bankhaspurchasedthe CreditCardsbusinessof Deutsche
Bank duringthe year.The launchof IndusIndBank'sCreditCardsbusinessthroughthisacquisitionhas
fasttracked the Cards' businessgrowthplans.
2013 -IndusIndBanklaunchesIndusForex Card -Suzuki Two-WheelersandIndusIndBanktie upfor
Retail Finance -IndusIndBankopensitsbranchinAlwar -IndusIndBankenhancesitscore banking
systemtoFinacle 10.2 version -BankingFrontier- Finnoviti Awards2013 forMy AccountMy Number-
BestBank AwardCustomerManagementandBusinessIntelligence InitiativesamongSmall Banks2012-
13 by IDRBT.
2014 -IndusIndBankandAmericanExpressannounce strategicpartnershipwiththe launchof the new
IndusIndBankIconiaAmericanExpress® Card - -IndusIndBankandJetAirwaysannounce strategic
partnershipwiththe launchof the newJetAirwaysIndusIndBankCreditCards –
2015 - IndusindBankhasinkedanagreementwithWorldpaytoofferdomesticacquiringservicesin
India- IndusindBankhasenteredintoanagreementtoacquire Diamond&Jewelleryfinancingbusiness
and relateddepositportfolioof Royal Bankof ScotlandN.V.inIndia -IndusIndhaslaunchedcustomer
responsive service calledQuickPay,whichallowsitscustomerstosendmoneyinstantlytotheirpersonal
contacts and/orbusinesspartiesthroughSMS,E-mail andsocial mediaplatforms
2016 -IndusIndBankpartnerswithPayUIndiato revolutionizeDigitalBanking&Payments

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IndusInd Bank key events and partnerships 2007-2016

  • 1. Duringthe year 2007-08, the Bank signedanagreementwithNationalMulti CommodityExchange Ltd (NMCE) to become theirclearingbank.Duringthe year2007-08, the Bank wasawardedthe highestA1+ ratingfor theirCertificatesof DepositbyICRA andthe highestP1+ ratingfor theirFixedDepositsand Certificatesof DepositbyCRISIL.TheyalsoreceivedrecognitionbyBSEand NASSCOMFoundationfor the BestCorporate Social ResponsibilityPractice Category.Duringthe year2008-09, The Bank launched the Gold andInvestmentverticals,whichcontributedinexcessof Rs5crore of revenue inthe firstyear of operations.Theyalsolaunchedtwonew channels - WealthRelationshipManagersandthe Central AcquisitionTeam(CAT).The Bankcommencedthe processof opening'new lookbranches'toenhance the bankingexperience of customersandtoprovide personalattentiontotheirneeds.Theyalready openedfive brancheswiththe newlookatBandra,Kolkata,Ludhiana,VadodaraandLucknow.The ConsumerBankingopenedtheirnewAdministrative Office inGurgaon.InAugust2008, the Bank acquiredthe micro-financeportfoliofromSKSMircofinance.InOctober2008, theysignedaco-partner agreementwithWorldGoldCouncil forjointpromotionof packagedandcertifiedgoldcoinsandingots inIndia.In January2009, theyenteredintoaMoU withCRISILto rate the Bank'sclients.Duringthe year 2009-10. Duringthe year,the Corporate Office inMumbai movedintonew spaciouspremisesatOne IndiabullsCentre,Elphinstone Road (W),Mumbai.The Bankcontinuedthe processof opening:new-look branches'/ off-site ATMsatvariouslocations,viz.,branchesinChennai,Secunderabad,Phagwara, Coimbatore,Pune,Hapurandoff-siteATMsenhancingthe customerexperiencesatprimary touchpoints.InOctober2011, the Bank enteredintoanarrangementwithMoscow-basedcommercial bankJCB Unistreamfor Indiaboundremittances.InFebruary2011, theysignedanMoU withMahindra & Mahindra Ltd inwhichthe Bank will be one of the preferredfinanciersforthe entire range of vehicles soldby Mahindra& Mahindra Ltd and alsoextendpassengerandcommercial vehicle finance totheir customers.InJune 2011, the BanksignedanagreementwithAtosWorldline India(Venture Infotek)for pointof sale (POS) acquiringsolutions.The Bankhaspurchasedthe CreditCardsbusinessof Deutsche Bank duringthe year.The launchof IndusIndBank'sCreditCardsbusinessthroughthisacquisitionhas fasttracked the Cards' businessgrowthplans. 2013 -IndusIndBanklaunchesIndusForex Card -Suzuki Two-WheelersandIndusIndBanktie upfor Retail Finance -IndusIndBankopensitsbranchinAlwar -IndusIndBankenhancesitscore banking systemtoFinacle 10.2 version -BankingFrontier- Finnoviti Awards2013 forMy AccountMy Number- BestBank AwardCustomerManagementandBusinessIntelligence InitiativesamongSmall Banks2012- 13 by IDRBT. 2014 -IndusIndBankandAmericanExpressannounce strategicpartnershipwiththe launchof the new IndusIndBankIconiaAmericanExpress® Card - -IndusIndBankandJetAirwaysannounce strategic partnershipwiththe launchof the newJetAirwaysIndusIndBankCreditCards – 2015 - IndusindBankhasinkedanagreementwithWorldpaytoofferdomesticacquiringservicesin India- IndusindBankhasenteredintoanagreementtoacquire Diamond&Jewelleryfinancingbusiness and relateddepositportfolioof Royal Bankof ScotlandN.V.inIndia -IndusIndhaslaunchedcustomer
  • 2. responsive service calledQuickPay,whichallowsitscustomerstosendmoneyinstantlytotheirpersonal contacts and/orbusinesspartiesthroughSMS,E-mail andsocial mediaplatforms 2016 -IndusIndBankpartnerswithPayUIndiato revolutionizeDigitalBanking&Payments