IndusInd Bank inaugurates new branch in Nagpur, its 15th in the city

IndusInd Bank inaugurated its 15th branch in Nagpur located at Gandhi Putla. Nagpur is one of the 17 focused home markets for the Bank that contributes significantly in the growth strategy of the Bank. The new branch was inaugurated by Hon'ble Minister for Road Transport & Highways in the Government of India, Mr. Nitin Gadkari in the presence of senior officials of IndusInd Bank.

The new branch will provide services like Saving & Current accounts, Loan products, Wealth Management services and Credit cards. Additionally, it will also offer customers with innovative facilities like 'Video Branch', 'My Account, My Number', 'Choice Money ATM', 'Direct Connect', 'Check on Cheque', 'Cash on Mobile' as well as 'Finger Print' banking.

With this new branch, IndusInd Bank now has a wide network of 250 branches across Maharashtra. As on 31st March 2023, IndusInd Bank has a total of 2606 Branches/Banking Outlets acrossIndia. In terms of Bank's overall business as on 31st March 2023, total deposits of the Bank stood at ₹3,36,120 crores and advances at ₹2,89,924 crores. Further, the advances include consumer banking segment contributing 54% and within that vehicle finance - 26% and Micro Finance - 11%.

Speaking on the inauguration of the branch, Mr. Soumitra Sen, Head- Consumer Banking & Marketing, IndusInd Bank said, "We are happy to inaugurate a new branch in Nagpur which is a constantly evolving market for the Bank. Nagpur is one of the Bank's 17 focused home markets we have in India. We are committed to invest in more branches, people and technology in Nagpur to become a neighbourhood Bank for the customers, offering innovative products and superior services. The new branch aims to deepen relationships and attract new customers, thus strengthening IndusInd Bank's client base across the region. As we expand our reach to serve the local populace, we look forward to bring a whole new world of convenience and flexibility to customers."

The Bank services its large customer base through a multi-channel delivery network of branches, ATMs, call centre and internet banking along with a suite of banking services through multiplesocial networks as an extension to its digital services.

Shares of IndusInd Bank Limited was last trading in BSE at Rs. 1331.00 as compared to the previous close of Rs. 1303.35. The total number of shares traded during the day was 108612 in over 4265 trades.

The stock hit an intraday high of Rs. 1336.25 and intraday low of 1291.10. The net turnover during the day was Rs. 144353184.00.

Source : Equity Bulls

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IndusIndBank INE095A01012 NewBranch Opening Nagpur 15th