IndusInd Bank was incorporated in 1994. It is not a government-run institution.
The dividend yield of IndusInd Bank is 0.76.
The owners of the IndusInd Bank are the Hinduja Group and the Life Insurance Corporation of India.
The IndusInd Bank was one of the first private-sector banks to be set up in India. Its consumer banking accounts for 70% of its banking fees, with 22% allocated for corporate banking and the rest accounting for trading activities and other income. The bank continues to execute a growth strategy which is liabilities-driven and this is done mainly through retail deposits. The bank is consistent with its investment in digital technology, and other banking priorities include the maintenance of disbursement momentum, scaling up of new innovative technology, and the improvement of financial measures.
The key highlights of the Q3 FY 22-23 consolidated financial results of IndusInd Bank include NIM at 4.27%, Provision Coverage Ratio at 71%, Net NPA at 0.62%, Capital Adequacy at 18.01% and Liquid Coverage Ratio at 117%. These results underscore the strength of the operating performance of IndusInd Bank as well as the adequacy of capital.