Indusind Bank opens its 15th branch in Andhra Pradesh at Warangal

Indusind Bank Ltd has announced that on January 08, 2007 the Bank has inaugurated its new branch at Warangal, 15th branch in the state of Andhra Pradesh. Shri. Ponnala Lakshmaiah Honourable minister for Major & Medium Irrigation, Government of Andhra Pradesh was the Chief Guest.

Speaking at the inauguration, Mr. Varghese Thambi, Senior Vice President & Head-Retail Banking, of the Bank said, "Warangal, an important tourist destination would be witnessing Technology Banking in the form of various alternate channels of Banking including Internet Banking, Mobile Banking, ATMs and Anywhere Banking facility. Our superior products and services with impeccable customer service would be an excellent experience to the people of this traditional city.

As of date, the Bank has a network of 148 branches and 87 offsite ATMs spread over 118 geographical locations in 24 states and Union Territories.

Recently the Bank received licenses for opening 19 new branches across the country. With this the network will now increase to 180 branches by March-April 2007.

Internationally, the Bank has a representative office each in Dubai and London. The Bank also enjoys strategic alliances with Union National Bank. Abu Dhabi in the UAE and Doha Bank in Qatar. These strategic alliances encompass a wide range of banking services, including deposit accounts, remittance business, loans, wealth management advisory, distribution of third party products, trade finance, global banking, and investment banking including corporate finance. Through such partnership, the Bank and its allies treat each other as preferred partners, with reciprocity of business flows and promotion of each other's banking services.

The Bank also has arrangements with seventeen exchange houses from the UAE, Kuwait, Bahrain, Qatar and Oman to provide convenient, cost-effective, and quick funds-transfer facilities to NRIs.

Source : Equity Bulls

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