IndusInd Bank opensa new branch in Ujjain, a city of temples Expands presence across Madhya PradeshEstimated reading time: 3 minutes

IndusInd Bank opensa new branch in Ujjain, a city of temples Expands presence across Madhya Pradesh

Posted on Wednesday, May 27th, 2015 | By IndusInd Bank

Ujjain, May 27, 2015: IndusInd Bank has inaugurated a new branch in Ujjain, a city of temples in the state of Madhya Pradesh. The new branch islocated at Ground Floor, 21-22 Bakhtawar Marg,Madhav Nagar,Freeganj, Ujjain (M.P.)-456010.

With the inauguration of new branch, IndusInd Bank now has 45 branches in Madhya Pradesh state.The Bank plans to further strengthen its presence and customer reach in Madhya Pradesh with more branches in the coming quarters.

The new branch located in Madhav Nagar area of Ujjain was inaugurated by Chief Guest Mr.Anand Bangur is well known industrialist of the Ujjain city & President of MSME (Micro small & Small Enterprises Association). Along with the chief guests, Mr. Shaheer Imam, Regional Head, IndusInd bank and Mr. Vinay Chiplunkar, Branch Manager, IndusInd Bank other senior bank officials graced the branch opening ceremonies.

Commenting on the inauguration of branch in Madhya Pradesh,Mr. Soumitra Sen, Head Branch Banking, IndusInd Bank said “We are happy to inaugurate a new branch in Ujjain, which is growing and constantly evolving market for the bank. This aligns ith theBank’s strategy to extend the reach and offer entire gamut of financial services including credit, savings, investments and insurance products to customers across Madhya Pradesh state. The new branch aims at deepening relationships and attracting new ustomers, thus strengthening IndusInd Bank’s client base across the region. As we expand into deeper geographies to serve the local populace, we look forward to bringinga whole new world of convenience and flexibility to customers. ”

The increase in new branches will allow more number of customers to avail IndusInd Bank’s unique customer propositions along with full range of services ranging from Saving & Current Accounts, Loan products to Wealth Management and Credit cards. Innovative facilities such as‘Video Branch’, ‘My Account, My Number’, ‘Choice Money ATM’, “Direct Connect’, “Check on Cheque” and ‘Cash on Mobile’. The Bank services its large customer base through multi-channel delivery network of branches, ATMs, call centre and internet banking.

About IndusInd Bank

IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel delivery capabilities. As on March 31, 2015, IndusInd Bank has 801 branches, and 1,487 ATMs spread across 514 geographical locations of the country. The Bank also has representative offices in London, Dubai and Abu Dhabi.

It enjoys clearing bank status for both major stock exchanges – BSE and NSE -and major commodity exchanges in the country, including MCX, NCDEX, and NMCE. IndusInd Bank on April 1, 2013, was included in the NIFTY 50 benchmark index. IndusInd Bank is ranked 19th amongst the Top 50 Most Valuable Indian Brands 2014 as per the BrandZ Top 50 rankings powered by the WPP and Millward Brown.

Ratings:

  • CRA AA+ for Lower Tier II subordinate debt program by ICRA
  • ICRAAAfor Upper Tier II bond program by ICRA
  • CRISILA1+ for certificate of deposit program by CRISIL
  • CARE AA+ for Lower Tier II subordinate debt program by CARE
  • IND A1+ for Short Term Debt Instruments by India Ratings and Research
  • IND AA+ for Lower Tier II subordinate debt program by India Ratings and Research
  • ND AA for Upper Tier II bond program by India Ratings and Research
  • IND AA+ for Senior bonds program by India Ratings and Research

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For more details on this release, please contact:

Mohit Ganju
IndusInd Bank Ltd.
Mohit.ganju@indusind.com
0124-4749500
Namita Sharma
Adfactors PR Pvt. Ltd.
Namita.sharma@adfactorspr.com
9820950663

Disclaimer

“This announcement has been prepared for publication in India and may not be released in the United States. This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States, and any securities described in this announcement may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended or an exemption from such registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or the selling security holder and that will contain detailed information about the bank and management, as well as financial statements.”