IndusInd Bank to add 150 branches in FY 12

MUMBAI: Private sector lender IndusInd Bank today said it plans to open nearly 150 branches in the country during FY 12 to take its total network strength to over 450 branches.

"IndusInd Bank plans to touch 450 branches in India by March 2012," a release issued by the bank, after the inauguration of its 301st branch in central Mumbai's Prabhadevi, said.

During the current fiscal, the bank will be focussing on distribution, branch expansion and providing universal banking solutions, the release said.

"The bank is stepping up its branch expansion momentum and this branch will be one more step in our journey to become a universal bank. The focus for us will be to provide unique banking experience to our customers," the bank's Managing Director and Chief Executive, Romesh Sobti, said in the release.

The Prabhadevi branch will be open across the year, including Sundays and other holidays and also has an automated teller machine, which allows customers the freedom to choose notes from a mix of Rs 100, Rs 500 and Rs 1,000 denominations, the release said.

Source: EconomicTimes