Industry Overview: The banking industry is different from other industries. No other industries come into direct contact with the general public. Banking is a business where the Raw material and Final product are the Same. Money. The assets in banking are far different from other businesses. No other business is as essential as banking in the Economy. That is why they called it the equivalent of the Economy. The health of the Economy is often analyzed from the health of Banking. As Banking comes into contact with the general public and industrial customers, it is essential for Govt also. No other businesses hold this level of importance.

As India is an emerging economy, healthy banking is increasingly critical for the Indian Economy.

Company Overview: Incorporated in 1994, IndusInd Bank is part of Hinduja Group. Today it is one of the fastest-growing banks in India in all major segments.
Like other banks, IndusInd bank also offers retail and corporate customer services. The Bank is also credited as one of the First Bank to become part of the RBI RTGS (Real-Time System) system. Like other banks, they also offer services like ATM, Net banking, mobile banking, and phone banking. The Bank also provides international banking services and has offices in London and Dubai.

The Bank offers the following products and services

  • Personal Banking – CurrentAccount, Saving account, Deposits, Loans as per the need of customers.
  • Cards – Debit Card, Credit Card, Gold Debit Card
  • Wealth Management – Portfolio Management, Investments, Insurance
  • Corporate Banking – Fund Based Facilities, Non-Fund Based Facilities, Value Added Facilities, Supply Chain Management
  • International Banking – Correspondent Banking, SWIFT, Rupee Drawing Arrangement, Advisory Services, Facilities to Exporters, Trade Finance, RFC Account for Residents RGold Banking, Remittance Services, Suvarna Mudra

A decade after its incorporation, in June 2004, the Bank was merged with Ashok Leyland Finance, among India’s most extensive leasing finance and hire purchase companies. In 2015, the Bank also acquired the Gem and jewelry finance business of the Royal Bank of Scotland. Both events were significant and essential for a bank, giving IndusInd Bank a more extensive base of customers and the reach of a new type of business.
Enlisting the help of KPMG, IndusInd Bank has adopted an enterprise-wide risk management system, including global best practices in Risk Management. In addition, the Bank has entered into a strategic alliance with Religare Securities to offer a value-added 3-in-1 savings accounts–linked package to customers comprising a savings bank account, a depository account, and an Internet trading account.

SHAREHOLDING BSE Data

 

Financials and Ratios :  [table id=22 /]

Future Prospects: COVID Induced pain can harm. Even though IndusInd Bank is holding the corporate loan segment, the NPA is very Low. As the Bank maintains a high allocation to Telecommunications and power steel, it looks risky. But as the efficiency a d Capitalization is adequate, the Risk is not for tomorrow.