D. Mumbai Explanation: IndusInd Bank Limited is a Mumbai based Indian new generation bank,established in 1994. The bank offers commercial, transactional and electronic banking products and services. IndusInd Bank was inaugurated in April 1994 by then Union Finance Minister Manmohan Singh. Indusind Bank is the first among the new-generation private banks in India. IndusInd Bank one of the Indian firms that grab top spot for transparency in survey by Institutional Investor. ndusInd Bank opened its IFSC Banking Unit (IBU) at the Gujarat International Finance Tec-City (GIFT City) to meet the requirements of offshore banking operations from India.