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IndusInd Bank was among nine banks that obtained a banking license in 1994; it was started by S. P. Hinduja along with hundreds of NRI and other shareholders. [9] Named after the Indus Valley Civilisation, the bank began its operations on 17 April 1994, after being inaugurated by the then Union Finance Minister Manmohan Singh.
The first phase of the bank, with 650 branches and 3,250 post offices as access points, was inaugurated on 1 September 2018. [5] [6] Over ten thousand postmen have been roped into the first phase. [7] [8] By September 2020, the bank had acquired about 35 million customers. [9] The bank had acquired about 40 million customers by December 2020.
Exide Industries Limited (Exide) is an Indian multinational storage battery manufacturing company, headquartered in Kolkata, India.It is the largest manufacturer of lead-acid storage batteries and power storage solutions provider in India.
A cooperation between Indraprastha Gas and IndusInd Bank was launched, with the aim of enabling the usage of digital rupee at specific gas stations within the National Capital Region (NCR) area. [73] Using programmable digital rupees, IndusInd Bank completed transactions on 22 April 2024, to compensate farmers for carbon credits. Farmers are ...
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India's commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, 6 PBs, 43 RRBs, and 2 LABs.
DCB Bank Limited is a private sector scheduled commercial bank in India. [2] [3] It is amongst the new generation banks that received the scheduled commercial bank license from the bank regulator, Reserve Bank of India. DCB Bank received the licence on 31 May 1995. [4] A professional management team guided by the Board of Directors runs the Bank.
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