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IndusInd Bank gets nod for more branches

CHENNAI: IndusInd Bank has received fresh authorisation from the Reserve Bank of India for opening 19 more branches. This is in addition to the 21 licences, which the bank had received from the RBI during this financial year, out of which the bank has already opened seven branches while the remaining 14 branches would be opened before March 2007. As of date, the bank has a network of 147 branches and 86 offsite ATMs spread over 118 geographical locations in 24 States and Union Territories. With this new set of licences, the network will now increase to 180 branches by March-April 2007, says a bank release.

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