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IndusInd Bank Business Overview
IndusInd Bank Limited was incorporated in 1994 as a commercial bank under the Banking Regulation Act, of 1949. The Bank is publicly held and provides a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations. The Bank operates in India including at the International Financial Service Centres.
In FY 2024, the Bank achieved noteworthy progress across critical financial metrics and strategic endeavors, guided by the vision outlined in Planning Cycle 6. Over the last few years, the Bank has evolved into a more resilient and focused entity, demonstrating sustainable growth amid macroeconomic challenges.
The Bank embarked on the Planning Cycle 6 (PC-6) strategy for the FY24 to FY26 period. The PC-6 strategy remains pivoted on and strongly committed to Growth, Granularity & Governance (3G) focusing on key themes driving the PC-6 strategy: –
Continuing the Retailization Journey -Diversifying Domains –
Scaling Sub-Scale Businesses –
Accelerating Digital 2.0 and –
Imbibing ESG into all our Businesses
The Bank’s strategy is designed in 3-year planning cycles based on an assessment of the current business and financial profile, the vision of the Bank, the competitive landscape, the regulatory environment, potential business and strategic risks, macroeconomic conditions, and operating dynamics. These 3-year strategic plans are further dissected into annual and quarterly goals.
Diversifying domains
The Bank carries domain expertise in livelihood financing including Vehicle Finance, Microfinance, and Gems & Jewelry. These domains have delivered strong risk-adjusted returns across cycles. The Bank continues to grow these domains while diversifying via the launch/ scaleup of new initiatives
IndusInd Bank Key Highlight
➢IndusInd Bank Distribution Network: In FY24, the Bank added 378 branches, bringing the total to 2,984 branches and 2,956 ATMs widely spread across geographies and regions. Additionally, the Bank has bolstered its rural presence through its subsidiary BFIL, which now operates 3,620 branches covering 1.57 lakh villages.
➢International Operations
To cater to offshore banking needs, the Bank operates an International Financial Services Unit (IFSC) Banking Unit (IBU) at the Gujarat International Finance Tec-City (GIFT City). Additionally, Representative Offices are strategically located in key international hubs, including London, Dubai, and Abu Dhabi, enhancing the Bank’s global footprint.
IndusInd Bank Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 30,822 | 36,368 | 45,748 |
| Expense | 15,840 | 15,525 | 17,638 |
| OPM (%) | -3% | 6% | 7% |
| Net income | 4,611 | 7,390 | 8,950 |
| EPS | 59.52 | 95.24 | 114.99 |
IndusInd Bank Financial Ratios
| ROCE | PE Ratio | ROE | PEG Ratio |
| 7.93 % | 12.5 | 15.2 % | 0.57 |
| Book Value | ROA | Debt to equity | Piotroski score |
| ₹ 807 | 15.2 % | 6.89 | 5.00 |
IndusInd Bank Shareholding Pattern
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Promoters | 16.52% | 16.50% | 16.40% |
| FIIs | 46.33% | 42.16% | 40.25% |
| DIIs | 21.85% | 26.54% | 28.09% |
| Public | 15.30% | 14.45% | 14.90% |
IndusInd Bank Price Chart
IndusInd Bank Peer comparison
| PE ratio | ROCE % | OPM % | |
| HDFC Bank | 18.33 | 7.67 | 33.60 |
| ICICI Bank | 18.33 | 7.60 | 34.44 |
| Axis Bank | 13.72 | 7.06 | 62.96 |
| Kotak Bank | 19.00 | 7.86 | 15.88 |
| IndusInd Bank | 12.41 | 7.93 | 60.48 |
| IDBI BANK | 15.05 | 6.23 | 68.52 |
| YES Bank | 49.60 | 5.83 | 58.49 |
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