IndusInd Bank inaugurates two branches in Kolkata

• Expands presence across West Bengal with 60 branches

Kolkata, February 18, 2019: IndusInd Bank inaugurated two branches in Kolkata. One of the two branches is located in the Posta Bazar area of the city, while the other is situated on Sarat Bose Road. Both braches house an ATM each that will be operational 24X7. With this, the Bank now has a wide network of 60 branches across West Bengal.

The branch at Posta Bazar was inaugurated by Mr. Biswanath Agarwala, General Secretary, The Posta Bazar Merchants Association, one of the country’s oldest merchant associations. The branch on Sarat Bose Road was inaugurated by Mr. Sudeb Guha Thakurta, Secretary, Dakshinee, a reputed music academy based in the city. Both the inauguration ceremonies were also graced by senior officials of IndusInd Bank.

Speaking on the inauguration of the branches, Mr. Soumitra Sen, Head - Branch Banking, IndusInd Bank said, “We are happy to inaugurate two new branches in Kolkata which is 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. The new branches aim to deepen relationships and attract new customers, 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 bring a whole new world of convenience and flexibility to customers.”

The new branches 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.

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 offer a suite of banking services through multiple-social networks as an extension to its digital services.

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 June 30, 2019, IndusInd Bank has 1701 branches/ banking outlet and 2605 ATMs spread across 740 geographical locations of the country. The Bank also has representative offices in London, Dubai and Abu Dhabi. The Bank believes in driving its business through technology. 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.

Recently, IndusInd Bank ranked 20th amongst Brandz Top 75 Most Valuable Indian Brands 2018 as per the Brands Rankings 2018 powered by WPP and Kantar Millward Brown.

Ratings:

Domestic Ratings

• CRISIL AA + for Infra Bonds program
• CRISIL AA for Additional Tier I Bonds program
• CRISIL A1+ for certificate of deposit program
• IND AA+ for Senior bonds program by India Ratings and Research
• IND AA for Additional Tier I Bonds program by India Ratings and Research
• IND A1+ for Short Term Debt Instruments by India Ratings and Research

International Ratings

• Baa3 as Issuer, Bank Deposits and Senior Unsecured MTN ratings by Moody’s Investors Service
• P3 as Short Term Issuer Rating by Moody’s Investors Service

Visit us at www.indusind.com

Twitter- @MyIndusIndBank

Facebook - https://www.facebook.com/OfficialIndusIndBankPage/

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