IndusInd Bank Ltd is one of the new generation private sector banks in India. The Bank's business lines include corporate banking retail banking treasury and foreign exchange investment banking capital markets non-resident Indian/high-net-worth individual banking and information technology. The Bank business divisions include Retail/ Consumer Banking Consumer Finance Global Markets Group Corporate & Commercial Banking Transaction Banking Group and Investment Banking. As on 31 December 2017 the bank had 1320 branches and 2162 automated teller machines (ATMs) spread across 702 geographical locations of the country. The bank also has representative offices in London Dubai and Abu Dhabi.The bank provides multi-channel facilities which includes automated teller machines (ATMs) net banking mobile banking phone banking multi-city banking and international debit cards. The Bank has multi-lateral tie-ups with other banks providing access to more than 18000 ATMs for their customers. They enjoy clearing bank status for both major stock exchanges - BSE and NSE - and three major commodity exchanges in the country - MCX NCDEX and NMCE. They also offer DP facilities for stock and commodity segments.IndusInd Bank Ltd was incorporated in the year 1994 and was promoted by Mr Srichand P Hinduja a leading Non-Resident Indian businessman and head of the Hinduja Group. The Bank started their operations with a capital amount of Rs 1000 million among which Rs 600 million was donated by the Indian Residents and Rs.400 million was raised by the Non-Resident Indians. The bank is a pioneer in launching internet banking. They are rated as one of the Top Performing Banks in various survey reports. During the year 2001-02 the Bank increased their network from 36 to 77. During the year 2002-03 the Bank entered into electronic money transfer arrangements with MoneyGram International Ltd USA and Zoha Inc USA for attracting beneficiaries of small value remittance from overseas. Thus they became the first to implement the RBI-Electronic Funds Transfer scheme. Also they entered into bullion trading activities and financial services to Indian entities setting up joint ventures and wholly-owned subsidiaries abroad.IndusInd Enterprises & Finance Ltd a Non-Banking Finance company and one of the promoters of the Bank amalgamated with the Bank with effect from July 11 2003. As a result IndusInd Information Technology Ltd became a subsidiary of the Bank. During the year the bank increased their network to 127 from 77 outlets.During the year 2003-04 the Bank opened their representative office in Dubai. They launched their debit card with the name International Power Card. They opened 8 new branches and 2 new extension counters during the year. Also a total of 31 new ATMs were installed which includes 15 on-site ATMs and 16 off-site ATMs. Ashok Leyland Finance Ltd a leading Non-Banking Finance company merged with the Bank with effect from June 11 2004.During the year 2004-05 the Bank signed an agreement with NCDEX as clearing banker. They launched various innovative products and services which includes International Mahila Card Mobile Top-ups Utility Bill Payment etc. They opened their second representative office in London. Also the Bank entered bilateral tie-up with Corporation Bank and with UTI Bank in which the Bank's customer can utilize their ATMs across the country.During the year 2006-07 the Bank added a number of new business and product lines which includes the launch of Indus Gold and Indus Gift Card and E-Remittance facility. They made a tie-up with Religare Securities for extending Portfolio Management services. They also made a tie up with Aviva Life Insurance for bancassurance. The Bank opened 33 branches and set up 41 offsite ATMs during the year.During the year 2007-08 the Bank signed an agreement with National Multi Commodity Exchange Ltd (NMCE) to become their clearing bank. They made a strategic tie-up with Religare Securities for offering 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. Also they made a strategic partnership with Cholamandalam MS for bancassurance. During the year 2007-08 the Bank was awarded the highest A1+ rating for their Certificates of Deposit by ICRA and the highest P1+ rating for their Fixed Deposits and Certificates of Deposit by CRISIL. They also received recognition by BSE and NASSCOM Foundation for the Best Corporate Social Responsibility Practice Category. In July 2008 the Bank was awarded The Smart Workplace Award by Economic Times in association with Acer and Intel for enhancing the productivity of the employees through optimum use of resources as well as technology.During the year 2008-09 the Bank launched various new products and services which were targeted at building wealth management capabilities as well as enhancing the existing banking channels. The Bank launched the Gold and Investment verticals which contributed in excess of Rs 5 crore of revenue in the first year of operations. They also launched two new channels - Wealth Relationship Managers and the Central Acquisition Team (CAT). The Bank commenced the process of opening 'new look branches' to enhance the banking experience of customers and to provide personal attention to their needs. They already opened five branches with the new look at Bandra Kolkata Ludhiana Vadodara and Lucknow. The Consumer Banking opened their new Administrative Office in Gurgaon. Also the Bank's Consumer Finance Division moved into their own four-storey building at G. N. Chetty Road in Chennai.In August 2008 the Bank acquired the micro-finance portfolio from SKS Mircofinance. In October 2008 they signed a co-partner agreement with World Gold Council for joint promotion of packaged and certified gold coins and ingots in India. In November 2008 the Bank entered into an agreement with TVS Motor Company where the Bank will provide structured inventory funding to TVS Motors' dealers. In January 2009 they entered into a MoU with CRISIL to rate the Bank's clients.During the year 2009-10 the Bank opened 30 new branches and 141 ATMs as a part of the strategy of expanding banking network to different locations in the country. The Bank re-launched the Non-Resident (NR) business which acquired 12000 new NR clients within a short span and also mobilized significant FCNR book and savings account book. During the year the Corporate Office in Mumbai moved into new spacious premises at One Indiabulls Centre Elphinstone Road (W) Mumbai. The Bank continued the process of opening new-look branches/off-site ATMs at various locations viz. branches in Chennai Secunderabad Phagwara Coimbatore Pune Hapur and off-site ATMs in 114 locations enhancing the customer experiences at primary touchpoints.During the year 2010-11 the Bank opened 90 new branches and set up 97 ATMs. As at the year ended March 31 2011 the Bank had a total of 300 branches spread across 212 geographical locations and 594 ATMs inclusive of 340 off-site ATMs. In October 2011 the Bank entered into an arrangement with Moscow-based commercial bank JCB Unistream for India bound remittances. In February 2011 they signed MoU with Mahindra & Mahindra Ltd in which the Bank will be one of the preferred financiers for the entire range of vehicles sold by Mahindra & Mahindra Ltd and also extend passenger and commercial vehicle finance to their customers. In June 2011 the Bank signed an agreement with Atos Worldline India (Venture Infotek) for point of sale (POS) acquiring solutions.During the year 2011-12 the Bank opened 100 new branches and 106 ATMs. As at the end of the year the Bank had a total of 400 branches spread across 270 geographical locations and 692 ATMs inclusive of 345 off-site ATMs. The Bank launched three new services: Cash-on-Mobile Direct Connect and Quick Redeem during the year. These new services are aimed at making banking easy and convenient for the customers.The Bank purchased the Credit Cards business of Deutsche Bank during the year. The launch of IndusInd Bank's Credit Cards business through this acquisition has fast tracked the Cards' business growth plans.On 24 July 2012 IndusInd Bank and Suzuki Motorcycle India Pvt. Ltd. (SMIPL) signed MOU whereby IndusInd Bank will be the preferred financier to extend retail finance to SMIPL's two wheeler customers across the country. On 16 August 2012 IndusInd Bank announced the launch of its foreign currency pre-paid travel card - the Indus Forex card. On 13 December 2012 IndusInd Bank announced the successful implementation of Finacle core banking across all its branches to facilitate the delivery of state-of-the-art banking services. IndusInd Bank on 1 April 2013 was included in the NIFTY 50 benchmark index of the National Stock Exchange (NSE). On 29 May 2013 IndusInd Bank and American Express announced the formation of a strategic partnership with the launch of the new IndusInd Bank Iconia American Express credit card.On 4 August 2014 Jet Airways India's premier international airline and IndusInd Bank announced a strategic partnership to launch a suite of Jet Airways IndusInd Bank co-branded credit cards. On 29 September 2014 IndusInd Bank inaugurated its first digital branch at IndusInd Cybercity Rapid Metro station Gurgaon. With this launch IndusInd Bank became the first bank in India to have a fully digital branch at a metro station whose branding rights are owned by the bank.On 10 April 2015 IndusInd Bank announced that it has entered into an agreement with Royal Bank of Scotland N.V. to acquire its diamond and jewellery financing business in India and related deposits portfolio. On 27 July 2015 IndusInd Bank announced that it had completed the acquisition of Royal Bank of Scotland's diamond and jewellery financing business in India. The acquired loan portfolio is approximately Rs 4100 crore. On 20 May 2015 Worldpay the global leader in payments announced that it has partnered with IndusInd Bank to offer domestic acquiring services in India. On 3 July 2015 IndusInd Bank completed the allotment of 5.12 crore equity shares to Qualified Institutional Buyers (QIBs) at issue price of Rs 845 per share thereby raising Rs 4327.98 crore. On 6 August 2016 IndusInd Bank completed the allotment of 87.81 lakh equity shares to the promoters of the bank on a preferential basis at issue price of Rs 857.20 per equity share thereby raising Rs 752.74 crore. On 12 January 2016 IndusInd Bank announced that it has partnered with online payment solution leader PayU India to redefine the digital experience for Indian consumers by bringing the full suite of consumer banking products online and powering the same through payment innovations and online eco-systems enabled by PayU India. On 23 May 2016 IndusInd Bank announced that it had signed a Corporate Agency agreement for distributing Reliance General Insurance's insurance products to its customers. On 12 July 2016 IndusInd Bank announced the opening of an International Banking Unit (IBU) at the Gujarat International Finance Tec-City (GIFT City) to meet the requirements of offshore banking operations from India. IndusInd Bank's International Banking Unit (IBU) will provide the bank access to international financial markets and will allow IndusInd Bank to deliver a complete range of products to its clients with foreign currency funding requirements.On 14 March 2017 IndusInd Bank announced that it has entered into an agreement with Infrastructure Leasing and Financial Services Ltd. (IL&FS) the promoter shareholders of IL&FS Securities Services Ltd. (ISSL) to acquire 100% of ISSL. ISSL is a leading capital market intermediary for professional clearing depository and custodial services. On 29 March 2017 IndusInd Bank announced extension of its agreement with Lohia Auto Industries. IndusInd Bank would be the s preferred financier for retail vehicle finance for all Lohia 3-wheeler electric and diesel models. On 8 June 2017 Overseas Private Investment Corporation (OPIC) and IndusInd Bank executed a finance agreement for a $225 million loan supporting the expansion of the IndusInd Bank's micro small and medium enterprise (MSME) lending programs across India. On 15 September 2017 Asian Development Bank (ADB) signed a loan of up to $200 million with IndusInd Bank to provide finance to low income women borrowers in rural India. The 7-year senior loan will go towards IndusInd Bank's microfinance activities.On 14 October 2017 IndusInd Bank and Bharat Financial Inclusion announced a merger of the two entities to create a stronger and more sustainable platform for financial inclusion. The scheme contemplates merger of Bharat Financial with IndusInd and simultaneous transfer of Bharat Financial Inclusion's Business Correspondent operations into a Wholly Owned Subsidiary of IndusInd to be incorporated after receipt of requisite regulatory approvals. Bharat Financial Inclusion's shareholders will receive 639 shares of IndusInd Bank for every 1000 shares of Bharat Financial Inclusion. Bharat Financial Inclusion is among the largest microfinance companies in India with presence across 16 states covering 1 lakh villages.