RBI okays 10 more branches for IndusInd Bank Ltd

Mumbai, Nov 1 (UNI) IndusInd Bank Ltd, a fast growing new generation private sector bank in India has received fresh authorisation from Reserve Bank of India (RBI) for opening 10 more branches and 100 new off-site ATMs.

As of date,the Bank has a network of 147 branches and 84 offsite ATMs spread over 18 geographical locations in 24 states and Union Territories.

Commnenting on this, Mr Bhaskar Ghose, MD&CEO, IndusInd Bank said, '' This new set of 10 branch licenses and the 100 additional off-site ATM licenses will help expand our reach substantially.We already have 84 off-site ATMs and an arrangement with the State Bank Group, MITR consortium, Corporation Bank and UTI Bank for the use of their 14500 ATMs for IndusInd Bank customers.Our innovative products and services combined with our expanded reach will provide a big boost to our Retail Banking operations, which remains a focus area for our Bank.'' UNI AR SD NV1752