Indusind Bank opens its 10th Branch at Sumerpur in Rajasthan

Indusind Bank Ltd has announced that the Bank on June 29, 2007 inaugurated its 10th branch in Rajasthan at Sumerpur. Mr. Ramchand Lakhwani, a leading NRI in Sumerpur, was the Chief Guest. Mr Rajmal Jain, Chairman, Bhagwan Mahaveer Hospital and Mr. Kanakraj Mehta, Chairman, Vyapar Sangh also graced the occasion.

Speaking at the inauguration, Mr. Shaskar Ghose, Managing Director and Chief Executive Officer, of the Bank, said "Rajasthan is one of the most sought-after destinations, both for tourism world-wide and for business investment in India. It has always been a key state for our Bank's network expansion. Sumerpur, known for its agricultural activity and ornamental iron work, has substantial potential for our Bank- especially in respect of small-scale businesses and for agricultural activities. The opening of our new branch in this region will be a step further in reaching out to the mofussil areas of the country and offering high-quality products and services to our customers. This will be our 10th branch in the state of Rajasthan and shortly, we will be opening branches in Nasirabad and Nagaur. lndusInd Bank today is one of the most preferred banks in the country for its customer service and its innovative products."

Apart from Sumerpur, the Bank has branches in Jaipur, Jodhpur, Ajmer, Udaipur, Kota, Bikaner, Bhilwara, Shahpura and Jhunjhunu.

The stock closed the day at Rs.54.45, up by Rs.0.20 or 0.37%. The stock hit an intraday high of Rs.55.70 and low of Rs.53.45. The total traded quantity was 783832 compared to 2 week average of 650877.

Source : Equity Bulls

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