IndusInd Bank was established on 17th April 1994 in Mumbai, Maharashtra. It derived its name from Indus Valley Civilization and is first among New Generation Private Bank in India. It offers Commercial, transaction and Electronic Products and Services. It started its operations with a Capital amount of Rs. 1 billion among which Rs. 600 million was raised by the Indian Residents and Rs. 400 million was raised by the Non-Resident Indians. It was able to grow ceaselessly and dynamically driven by a zeal to offer its customers banking services at par with the highest quality standards in the industry and is known for its continuous updates and introduction of new technology.
Its working on expanding its network of branches across the country and has a customer base of more than 2.5 crores that depicts the trust of people. It had 2453 ATMs and 1,558 branches spread across the country by the end of year 2018 and have more than 2000 branches and 5,000 distribution points by April 2021. It have Representative Offices in London, Dubai and Abu Dhabi and has its largest number of branches in Mumbai followed by New Delhi and Chennai in India.
CSR Mission Statement of IndusInd Bank Ltd
IndusInd Bank believes that ‘Good Ecology is Good Economics’.
With this belief IndusInd Bank sets a mission to continue creating value for all their stakeholders and emerge as a ‘Best-in-Class’ Bank that is committed to sustainable economic growth. They want to ensure that the Bank’s business grows consistently and responsibly, benefiting those they directly serve while also promoting the well-being of their employees, natural environment and the community at large. IndusInd Bank wants to support and design sustainable CSR programs, that primarily empower, and benefit marginalized and weaker sections of society, high-risk and high-stressed communities.
Guiding Principles of IndusInd Bank Ltd CSR Policy
1.Strengthen their governance framework with ethics, transparency and accountability
2.Provide value to consumers through effective stakeholder engagement
3.Promote gender equality, diversity and wellbeing of all employees
4.Respect the protection of internationally proclaimed human rights
5.Engage with Government and Trade & Industry Associations on national and international platforms
6.Build inclusive, healthy and sustainable communities
7.Undertake initiatives to promote greater environmental responsibility
8.Communicate their CSR objectives and goals to all internal and external stakeholders