IndusInd Bank gets RBI nod for opening 19 branches

IndusInd Bank said on Tuesday it has received the Reserve Bank of India approval for opening 19 branches to expand operations, especially in the north-east region.

This is in addition to the 21 licenses which the bank had received from RBI during the current financial year.

The bank has opened seven branches and the remaining would open before March 2007, an IndusInd release said.

IndusInd currently has 147 branches and 86 offsite ATMs spread over 118

geographical locations.

With these new set of branches, the network would increase to 180 by March-April 2007.

"We already have 86 off-site ATMs and licenses for 100 more have been received recently," Bank MD and CEO Bhaskar Ghose said.

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