IndusInd Bank Launches 'Wrestle for Glory' to Support Female Wrestlers

Tags: Economy/Finance

IndusInd Bank has introduced the 'Wrestle for Glory' initiative, continuing its collaboration with the Inspire Institute of Sport (IIS) in Vijayanagar, Bellary.

An Overview of the News

• The program aims to empower 50 talented female wrestlers from across India with fully-funded scholarships for coaching at IIS.

CSR Focus

• Inclusivity: The program aligns with IndusInd Bank's CSR commitment to inclusivity and sporting excellence, supporting individuals from diverse backgrounds, including different genders, persons with disabilities, and underprivileged communities.

• Comprehensive Support: Beneficiaries will have access to top-tier training facilities, expert coaching, sports science resources, cutting-edge equipment, nutritional support, and educational assistance.

'IndusInd For Sports' Initiative

• Establishment: The 'Wrestle for Glory' program is part of the 'IndusInd For Sports' initiative, a non-banking sports vertical of the Bank founded in 2016.

• Philosophy: The initiative emphasizes diversity, differentiation, and domination, aiming to excite, educate, and engage stakeholders through sports.

About IndusInd Bank

• IndusInd Bank started in 1994, serving consumer and corporate customers.

• It has around 39 million customers as of March 31, 2024.

• Operates 2,984 branches and 2,956 ATMs across 157,000 villages in India.

• Has representative offices in London, Dubai, and Abu Dhabi.

• Focuses on technology-driven multi-channel delivery.

• Clearing bank for BSE and NSE; settlement bank for NCDEX; empanelled banker for MCX.

  • Founder: S. P. Hinduja

  • Headquarters: Mumbai, Maharashtra, India

• Key Executives:

  • Sumant Kathpalia (MD & CEO)

  • Arun Khurana (Executive Director & Deputy CEO)

  • Gobind Jain (CFO)