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IndusInd Bank forays into Boisar, Maharashtra

Share Source By

Dion Global

18 Mar 2019

IndusInd Bank on Monday said that, “inaugurated a branch in Boisar, an upcoming industrial area situated in the Palghar district of Maharashtra. This is the Bank's first branch in this region and is located in the Ostwal Empire building at Boisar (West). The branch will house an ATM that will be operational 24X7. With this, the Bank now has a wide network of over 175 branches across Maharashtra”, in a filing to Bombay Stock Exchange.

The new branch was inaugurated by Tulsani Thakur, President, GR Engineering, a Mumbai based engineering firm. The inauguration ceremony was also graced by several other senior officials of IndusInd Bank.

Speaking on the inauguration of the branch, Soumitra Sen, Head - Branch Banking, IndusInd Bank said, "We are happy to inaugurate a branch in Boisar, a rapidly transforming industrial area and a constantly evolving market for the Bank. This aligns with the Bank's strategy to aid the financial acceleration that the country is presently on. As we expand into deeper geographies to serve the local populace, we look forward to bring a whole new world of convenience and flexibility to customers."

“The new branch will provide services like Saving & Current Accounts, Loan products, Wealth Management and Credit cards Additionally, it will also offer 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”, the company added.

The company further said, “the Bank services its large customer base through a multi-channel delivery network of branches, ATMs, call centre, internet banking and an innovative social banking platform called 'OnTheGo', which offers suite of banking services through multiple-social networks as an extension to its digital services.”

The shares of the company were trading Rs. 1715.55 apiece, high at 14.80 points or 0.87 per cent at 11:39 hours on BSE.