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Movements, leaders, victories and the continuing fight for equality.
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Explore the people, places, events, achievements, struggles and stories that shaped our journey.
Movements, leaders, victories and the continuing fight for equality.
Innovation, patents, science, technology and world-changing contributions.
Pioneers, champions, Negro Leagues, records, activism and excellence.
Meet the people whose lives, choices and achievements shaped the journey.
Black towns, communities, institutions and places where history happened.
Moments that changed communities, movements, institutions and the nation.
Wilmington, North Carolina once had a thriving Black middle class and an elected interracial government. In 1898 white supremacists used violence to overthrow that government, kill Black residents and drive many others from the city.
MORE →Reflects the personal views, recollections, and perspective of the author, Mike Davis.
This is a personal recollection on the Move fire on May 13, 1985
| IndusInd Bank Limited | |
|---|---|
 | |
| Type | Public |
| Industry | Financial services |
| Founded | April 1994 |
| Founder | S. P. Hinduja |
| Headquarters | Mumbai, Maharashtra, India |
| Key people |
|
| Products | |
| Revenue |  ₹56,351 crore (US$5.9 billion) (2025)[2] |
 ₹10,661 crore (US$1.1 billion) (2025)[2] | |
| ₹2,575 crore (US$270 million) (2025)[2] | |
| Total assets | ₹554,018 crore (US$58 billion) (2025)[2] |
| Total equity | ₹64,835 crore (US$6.7 billion) (2025)[2] |
| Owner | Hinduja Group (16.29%)[3] |
Number of employees | 44,974 (2025)[4][2] |
| Subsidiaries | BFIL[5] |
| Capital ratio | 15.31% [2] |
| Website | www |
IndusInd Bank Limited is an Indian banking and financial services company based in Mumbai.[6] It was established in April 1994 and promoted by the Hinduja Group.[7][8]
IndusInd Bank was among nine 'new-generation'[a] 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.[10][11] It launched its initial public offering in 1997.[12]
In 2004, IndusInd Bank completed its merger with Ashok Leyland Finance, a vehicle financing company which was also part of the Hinduja Group.[13]
IndusInd Bank listed on the Luxembourg Stock Exchange in 2007 by issuing global depository receipts (GDRs) worth ₹147 crore (US$35.55 million). In 2008, it issued fresh GDRs worth ₹222 crore (US$51.03 million).[14]
In 2011, IndusInd Bank acquired Deutsche Bank India's loss-making credit cards division.[15]
In October 2017, IndusInd Bank announced its acquisition of Bharat Financial Inclusion Limited (BFIL) for ₹15,000 crore (US$2.3 billion).[16] The merger was officially completed in July 2019.[17]
As of 2026, the bank has 42 million customers, 3,137 branches, and 2,853 ATMs spread across India, covering 1,62,000 villages, Including foreign presence in Dubai and Abu Dhabi.[18] It is an empaneled banker for MCX. Its shares have been a part of the NIFTY 50 index since 1 April 2013.[19]
Between 2023 and 2025, IndusInd Bank identified accounting irregularities related to its forex derivatives transactions, after a September 2023 directive from the Reserve Bank of India (RBI) mandated banks to adopt mark-to-market valuation for derivatives. An initial internal review estimated the potential financial impact at ₹1,572 crore in December 2023, which was revised upward to ₹2,361 crore by May 2024.[20]
On 11 March 2025, IndusInd Bank's shares crashed over 27% after it disclosed the discrepancies, with analysts raising questions on the bank's internal controls.[21] IndusInd Bank's Managing Director and CEO, Sumant Kathpalia, resigned in April 2025, taking "moral responsibility" for the discrepancies. His resignation followed that of Deputy CEO Arun Khurana, who stepped down a day earlier.[22]
Independent audits were conducted by PwC and Grant Thornton, with Grant Thornton estimating a cumulative impact of approximately ₹1,960 crore. In April 2025, the bank reported a reduction in net worth of ₹1,979 crore, or 2.27%, following revaluation adjustments.[23][24][25]
After the accounting discrepancies came to light, reports stated that SEBI began investigating possible insider trading by senior officials of the bank.[26][27] In May 2025, SEBI banned Kathpalia and four others from dealing in the share market,[28] accusing them of selling shares before the bank publicly announced the losses and avoiding about ₹20 crore in losses. SEBI froze their accounts and barred them from trading while the investigation continued.[29]
In May 2025, IndusInd Bank disclosed a suspected internal fraud in its microfinance division after discovering that ₹172.58 crore had been wrongly recorded as fee income across three quarters of FY25. The bank initiated legal and disciplinary actions against the involved employees following an internal investigation.[30]
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Source: Wikipedia. Article content is retrieved live through the MediaWiki API.
IndusInd Bank Limited is an Indian banking and financial services company based in Mumbai. It was established in April 1994 and promoted by the Hinduja Group.
Cyber City is a station of the Rapid Metro Gurgaon that was inaugurated on 7 May 2014. It is owned by Haryana Mass Rapid Transport Corporation Limited (HMRTC) and operated by Delhi Metro Rail Corporation (DMRC). Previously, it was operated by Rapid Metro Gurgaon Limited (RMGL). The station was named after IndusInd Bank under corporate branding of stations, but the naming rights expired in 2019.
Romesh Sobti is an Indian banker. He was the CEO and MD of IndusInd Bank from 2008 to 2020, and of ABN AMRO Bank for the previous 12 years. In 2013, The Sunday Standard presented Sobti the award for Best Banker – Growth, Mid-Sized. He was also named Business Standard's Banker of the Year for 2013-14. In 2015, he was awarded with the Best CRM Project at the Technology Implementation Awards. The same year, he was named EY Entrepreneurial CEO of the Year. He was responsible during his tenure for a majority of credit and governance issues at Indusind bank.
ICICI Bank is an Indian multinational private bank and financial services company headquartered in Mumbai.It was established in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. It offers services to corporate and retail customers, and has subsidiaries for investment banking, life and non-life insurance, venture capital, and asset management. The bank has a network of 7,656 branches and 12,143 ATMs across India. It also has a presence in 19 countries, including subsidiaries in the United Kingdom and Canada. The Reserve Bank of India (RBI) has identified the State Bank of India, HDFC Bank, and ICICI Bank as domestic systemically important banks (D-SIBs), which are often referred to as banks that are "too big to fail".
Before the 1921 destruction of Tulsa’s Greenwood District, Black residents had created a remarkable center of business and community life. The district included stores, professional offices, entertainment venues and homes owned by Black citizens. Understanding Greenwood means learning what was built—not only what was burned.
MORE →Shirley Chisholm, elected in 1968.
