IndusInd Bank launches its first mega Currency Chest in Chandigarh

Chandigarh, August 12, 2021: IndusInd Bank today launched its mega Currency Chest at Chandigarh. 

The new mega Currency Chest will service 218 branches of IndusInd Bank across Punjab and Haryana, along with branches of other banks located in the two states.  The launch is a testament of the banks’ effort to increase efficiency of currency management in the Tricity region comprising - Chandigarh, Mohali and Panchkula.

Speaking about the launch, Mr. Anil Rao, Head – Operations & Solutions Delivery Group, IndusInd Bank said, “We are delighted to launch an all new mega Currency Chest in Chandigarh which is our first in the city. The initiative, is part of our ongoing efforts of ensuring effective circulation of currency, continuous supply of clean currency notes as well as timely withdrawal of soiled ones.  With this, we have further expanded our existing network of Currency Chests that are present across the country, and look forward to offering our valued customers with a seamless banking experience.”

The mega Currency Chest in Chandigarh is an addition to the Bank’s existing network of five Currency Chests that are located at New Delhi, Kolkata, Chennai, Bengaluru and Thane, near Mumbai.

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, 2021, IndusInd Bank has Branches 2,015/ Banking Outlet and 2,870 ATMs spread across 760 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. IndusInd Bank was included in the NIFTY 50 benchmark index on April 1, 2013.

RATING

Domestic Rating:

• CRISIL AA + for Infra Bonds program
• CRISIL AA for Additional Tier I Bonds program
• CRISIL A1+ for certificate of deposit program / short term FD programme
• 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

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