IndusInd Bank

  www.indusind.com
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IndusInd Bank Reviews

Updated Jul 19, 2014

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All Employees Current Employees Only

3.3 63 reviews

86% Approve of the CEO

IndusInd Bank Managing Director & CEO Romesh Sobti

Romesh Sobti

(36 ratings)

61% of employees recommend this company to a friend

Review Highlights

Pros
  • Good work culture, Decent attempts to overhaul bureaucratic(in 3 reviews)

  • This company is growing rapidly(in 2 reviews)


Cons
  • Lacks parity in terms of salary among the same team/department(in 2 reviews)

  • There is concept of old management and new management, though its fading away now(in 2 reviews)

63 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Old wine in new bottle

    Forex Sales Manager (Former Employee) Mumbai (India)

    ProsGood work culture, Decent attempts to overhaul bureaucratic work culture by infusing new energy

    ConsBias based rewarding, Lack of opportunities for advancement, Animosity with old management based teams can`t be avoided.

    Advice to Senior ManagementShould be more forthcoming in employee recognition.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Good learning ground

    Branch Manager (Current Employee) Meerut (India)

    ProsLearning, independence, and fast recognition

    ConsAwareness level of the brand is low.and branch network coverage is very less.

    Advice to Senior ManagementWoking needs to be more structure

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Fastest growing company

    Acquisition Manager (Current Employee) Bangalore (India)

    ProsThe company is having very good products comparing to any other bank in India.

    Conslack of responsibility for Higher Mgmt.

    Advice to Senior ManagementPlease maintain attrition rate.Then only employees feel safety to work here.

    No, I would not recommend this company to a friend

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    It has taught me how to work in the most difficult environment

    Relationship Manager (Current Employee) Mumbai (India)

    ProsCompanys financial looks good on paper

    ConsNot all your senior managers are on same page and you get jagged in between. Senior managers have unrealistic expectations.

    Advice to Senior ManagementTo use a more systematic appproach rather than an autocratic management

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    select relationship manager

    Select Relationship Manager (Current Employee) Mumbai (India)

    Prosif bm and boss are good will allow to sit in branch .

    Conslot of politics, partiality, gossips, no work culture

    Advice to Senior Managementlook at the brand and then pressurize !
    Book size alloted and revenue generation through that book . IMPOSSIBLE !

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    • No Opinion of CEO

     

    worst place to work no respect for employees

    Acquisition Manager (Current Employee) Bangalore (India)

    ProsNo reason to work for this company

    Consdeduction in salary without any reason, firing without giving reason and time , use of slang by managers

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    The worst banking culture ever experienced

    Relationship Officer (Former Employee) Surat (India)

    ProsThere are no pros working for this company...your superiors don't listen to your problems...no understanding of local market...

    Consyou are forced to work even on sundays
    No job security...threatened to be fired almost twice a day
    no competitive products
    more emphasis on selling non-indusind products, like insurance, MF, investments etc
    unrealistic targets

    Advice to Senior Managementtry and communicate with the entry level employees and try to understand the local market trends and problems...You cannot employ same strategy everywhere

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    "Will make you complacent"

    Assistant Vice President (Former Employee) Mumbai (India)

    ProsEasy going work environment, salaries and other benefits are below market/industry standards. Need to be self motivated to learn things. Good and supportive immediate boss and senior management.

    ConsCompensation are below industry standards.Lacks parity in terms of salary among the same team/department.

    Advice to Senior ManagementNeed to get involved with middle level employees and encourage offsite tours for the employees to understand them well.

    No, I would not recommend this company to a friend

     

    Good Place to Work if you have paitence and guts and delivery capacity

    Anonymous Employee (Current Employee)

    ProsThe best reason to work here is u have dedicated people for all channels works are done easily and learning capacity increases

    ConsBosses are not aware and worried about there employees if u do u r numbers your in good books and supportive team and you are really awarded for the hard work you do in one line
    THE BEST PLACE TO EARN AND LEARN

    Advice to Senior ManagementNUMBER OF BRANCHES AND MORE ACTIVITY ON BRAND AWARENESS

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Biggest mistake of my life

    Credit Analyst (Former Employee) Gurgaon, Haryana (India)

    ProsThe only good thing is you learn a lot as people are less and work is unlimited!!!!

    ConsThe organization is giving unrealistic targets to its employees. The product quality is poor as compared to established banks but targets are highly unrealistic.
    U better be prepared to face humiliation at whatsoever level u join.
    The average employee retention period is less than 6 months. There are many branches where the whole staff is churned every 7-8 months!!!
    All the managers have developed a hire & fire policy for their subordinates to protect their jobs & fat paychecks.
    Salary is poor & annual increment is peanuts and the lowest in the whole industry.

    Advice to Senior ManagementAccept ground realities.
    Why don't you guys first change the product.
    Focus on improving quality and employee satisfaction rather than moving employees on PIP to shift blame.

    No, I would not recommend this company to a friend

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