The Bank will set up 25 branches across the Union Territory of Jammu & Kashmir over the next one year

JK News Today

Katra, February 04:

IndusInd Bank announced that it will inaugurate a new branch at the holy town of Katra located in the Union Territory (UT) of Jammu & Kashmir. The branch will be situated at the premises of the Shri Mata Vaishno Devi Shrine Board (SMVDSB), the governing body of the Shrine. The new branch is part of an MoU signed between the Bank and SMVDSB, which also includes two ATMs that will be deployed across various spots of the SMVDSB site for the convenience of pilgrims.

With this, IndusInd Bank aims to expand its retail network across the UT of Jammu & Kashmir by setting up 25 more branches over the next one year. All these branches will be located in urban, semi-urban as well as rural areas to facilitate financial inclusion within the region.

Speaking about the new branch, Mr. Soumitra Sen, Head, Consumer Bank, IndusInd Bank said: “We believe, that it is critical to expand our footprint across fresh catchments and micro-markets where economic activity is present. In line with this vision, we have chalked out a plan of setting up more branches over the next few years across the Union Territory of Jammu & Kashmir. The branch at Katra will largely benefit pilgrims by catering to their financial requirements and help us deepen relationships by attracting new customers. As we expand our reach to serve the local populace, we look forward to bringing a whole new world of convenience and flexibility to customers.”

The new branch 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.

IndusInd Bank services its large customer base through a multi-channel delivery network of branches, ATMs, call center, 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.