Recently, CRISIL has reaffirmed its P1+ rating of IndusInd Bank's fixed deposits and certificates of deposit program. The Bank has been bestowed with the mandate of being a Settlement Banker for six tea auction centres.
It also offers DP facilities for stock and commodity segments. It enjoys clearing bank status for both major stock exchanges - BSE and NSE - and three major commodity exchanges in the country - MCX, NCDEX and NMCE.
It has multi-lateral tie-ups with other banks providing access to their ATMs for its customers. The Bank believes in driving its business through technology. The Bank also has 2 representative offices - one each in London and Dubai. IndusInd Bank has 300 branches and 594 ATMS spread across 212 geographic locations of the country. It has a robust technology platform supporting multi-channel delivery capabilities. IndusInd Bank, which commenced its operations in 1994, caters to the needs of both consumer and corporate customers. We look forward to partnering with IndusInd Bank to help them achieve their strategic objectives.” Haragopal Mangipudi, Global Head - Finacle™, Infosys Technologies, said “India is a hotbed of opportunities for progressive enterprises, like IndusInd Bank, that understand the potential of technology to create and sustain customer experience-led growth.That’s what we looked for in our choice of a platform and we believe that Finacle™ fits the bill.” said, Paul Abraham, COO, IndusInd Bank. It should also be something that enables us to service clients with a spectrum of products and services, while being flexible and cost effective. In these circumstances, we look to our core banking system as a facilitator of scale, controls and access. “The Bank sits at the cusp of significant growth both in terms of its physical distribution and the range and sophistication of its product suite.We are confident that Finacle™ will help significantly scale up our customer base and branch footprint besides improving productivity.” said, Romesh Sobti, MD & CEO, IndusInd Bank. “Using technology to find, service and engage customers is a fundamental premise of our business model.As a first step, in the transformation journey, IndusInd Bank has already successfully implemented Finacle™ e-banking solution to facilitate the delivery of state-of-the-art banking services online and enhance customer experience.Leveraging Finacle™, the Bank can personalize offerings, bundle products and enrich their segment-specific product portfolio. Built on new generation technology, Finacle™ will enable IndusInd Bank to accelerate innovation and stay ahead of emerging customer demands.The solution’s proven scalability, relevance to the Indian banking context and flexibility will power the Bank’s ambitious growth plans. Finacle™ will provide a future-proof technology platform with robust Straight Through Processing capabilities and support for true 24X7 multi-channel and multi-currency transactions.IndusInd Bank and Infosys Technologies Ltd today announced that IndusInd Bank selected Finacle™ core banking solution version 10 to power the Bank’s exponential growth agenda.Assessment of the top 1000 world banks reveals that banks powered by Finacle enjoy 50 percent higher returns on assets, 30 percent higher returns on capital, and 8.1 percent points lesser costs to income than others.Bank to leverage version 10 of Finacle™ to significantly scale up its branches and client base Today, Finacle is the choice of banks across 94 countries and serves over 848 million customers – estimated to be nearly 16.5 percent of the world’s adult banked population.Finacle solutions address the core banking, e-banking, mobile banking, CRM, payments, treasury, origination, liquidity management, Islamic banking, wealth management, and analytics needs of financial institutions worldwide. The solution helps financial institutions develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world.Over the past 25 years, the solution has been helping financial institutions develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. Finacle is the industry-leading universal banking solution from EdgeVerve Systems.
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