To act as a catalyst for the economic development of Zambia
To become the bank of choice for all retail and corporate customers
Supporting you. Developing Zambia
Indo Zambia Bank was incorporated in October, 1984 as a joint venture Bank between the Government of the Republic of Zambia and the Government of India represented through its three large Public Sector Banks: Bank of India, Bank of Baroda and Central Bank of India, each contributing 20% share capital with the remaining 40% contributed by Government of the Republic of Zambia which is currently held by the Ministry of Finance and National Planning.show more >>.
The Bank opened its door to the public for the first time on 24th December, 1984. The support of two Governments has also imparted good strength to the joint venture. The Bank enjoys tremendous customer confidence and is considered one of the most secure and customer friendly Banks in Zambia.
In an intensively competitive banking industry, Indo-Zambia Bank Ltd has made several significant contributions to the Zambian economy. The Bank is truly acting as a catalyst for the economic development of Zambia consistent with its founding principles and mission. The bank has designed innovative schemes and products that cater to the requirements of all sections of the Zambian economy/ society whether it is Agriculture, Mining, Tourism, Trade, Manufacturing, SME, Real Estate etc.
Board of Directors
Our Board of Directors comprises of experienced professionals with decades of experience and excellence in the Banking and Financial sectors.show more >>.
Mrs. O. Y. Moyo , Board Chairperson
Mrs. O. Y. Moyo has taken over as the Board Chairperson of Indo Zambia Bank with effect from February, 2002. Mrs. Moyo is a Bachelor of Arts from University of Zambia and Diploma holder in banking from Manchestor Business School, U.K. Mrs. Moyo has over 30 years of rich experience in Banking and Financial sector. She is also a Fund Manager - National Housing Board, Chairperson - People Act Foundation and Director on Alexander Forbes, National Housing Bonds Trusts and other organisations.
Mr. Deepak Malik, Director
Mr. Deepak Malik has been the Director of Indo Zambia Bank since August, 1999. He is a qualified Chartered Accountant with 30 years experience, covering Financial and General Management, Private Equity, Audit, Development Banking and Industry. Deepak Malik is also a Regional Director in Africa for Norfund, based in South Africa. He has over 20 years experience in Africa and is on the Board of Directors of various companies, including financial institutions and private equity funds.
Mr. M. V. Tanksale, Director
Mr. M V Tanksale has been the Director of Indo Zambia Bank since July, 2011. Mr. Tanksale is backed by professional credentials like Associate Member of the the Institute of Cost and Works Accountants of India (AICWA); Company Secretary (inter) of the Institute of Company Secretaries of India, CAIIB, B.Sc and Masters in English Literature. He is presently the Chairman and Managing Director of Central Bank of India with rich experience covering more than 36 years, he has held several important positions in public sector banks in India. He is also on the Board of Directors of various subsidieries of Central Bank of India and other Financial Institutions.
Mr. R. K. Bakshi, Director
Mr. R K Bakshi has been the Director of Indo Zambia Bank since November, 2008. He is a Post-Graduate in Science and also holds Diploma in Bank Management as well as CAIIB. Mr. Bakshi is presently the Executive Director of Bank of Baroda. Mr. Bakshi has wide overseas experience having worked at London & Singapore, rich experience of working as Head of Treasury as also of Large Corporate Credit. He is also on the Board of Directors of various subsidieries of Bank of Baroda in India and abroad.
Mr. N. Seshadri, Director
Mr. N Seshadri has been the Director of Indo Zambia Bank since November, 2010. He holds a Master degree in Business Administration and he is also a certified Associate of the Indian Institute of Bankers . Mr. Seshadri is presently the Executive Director of Bank of India. He had held several distinguished positions in the Bank’s hierarchy in a career spanning 35 years. Mr. Seshadri has worked extensively throughout India and abroad. He is also on the Board of Directors of National Payment Corporation of India.
Mr. Samuel Mukupa, Director
Mr. Samuel Mukupa, a qualified Teacher/ Lecturer by profession was appointed as a Director on the Board of Indo Zambia Bank on 17th February 2012. He has served as a Member of Parliament from 1991-2000. During his tenure as a legislature he served as an Executive Member of the Commonwealth Parliamentary Association/Union from 1998 to 2000. In 1998 he was appointed Head of Parliamentary Delegation, Election Observer Mission to Germany. Mr Mukupa is also an illustrious businessman.
Mr. Shankardas Gupta, Managing Director
Mr. Shankardas Gupta has taken over as the Managing Director of Indo Zambia Bank since May, 2012. He holds a Master degree in English, Certificate in Management of Banking & Finance, Advanced Diploma in Management and Diploma in Finance Management. He is also a Certified Associate of Indian Institute of Bankers(CAIIB). He has held several distinguished positions in Bank of India in India with a career spanning 29 years which includes international experience of working as Assistant Vice President at the Bank's office in San Fransisco, USA for 4 years.
Mr. G. C. Ngoma, Board Secretary & General Manager
Mr. G C Ngoma has taken over as the General Manager of Indo Zambia Bank since April, 2011. He holds a Master of Business Administration, BBA and Diploma in HRM degrees. He had held several positions in the Bank’s hierarchy in a career spanning 20 years in the areas of General Banking, Administration and Services, Marketing and Public Relations.
Corporate Social Responsibility
Supporting the Health Sector
Committed to honouring our Brand Promise of “SUPPORTING YOU DEVELOPING ZAMBIA” we attach great importance to fulfilling our Corporate Social Responsibilities because we are committed to the well-being of the community in which we operate and as such the Bank is regularly a part of its profit for donation towards Social Welfare. The Bank is regularly donating funds/ providing needed equipments/ materials to hospitals and charitable organizations. In acknowledging the efforts that the Ministry of Health is making in delivery of health services to the people, the Bank rendered support to the tune of K 200,000,000 to Ministry of Health for purchase of linen and medical equipments for Health Centres in Luapula Province.
Empowering The Grassroots
Assistant Director – Regulatory policy, Bank of Zambia, Mr. Nobert Mumba handing over facility letters to beneficiary Self help Group members.
Indicative Forex Rates
Tuesday May 14 2013