NEWS & ADVICE : HOME LOANS
IndusInd Bank on branch expansion spree
By Joseph Samson
Jun 29, 2011
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Private sector lender IndusInd Bank is aiming to add another 400 branches to its total branch count in the coming three years time, said Managing Director and Chief Executive Officer of the bank, Mr Romesh Sobti.

"We have about 310 branches today. This will go up to 425 by end March 2012 and about 700 by end-March 2014", Mr Sobti said.

"We are wedded to organic growth. Our growth drivers are clear and already defined. A lot of it will come from branch distribution and, hence, the focus on expanding it," he added.

The bank is looking forward for attaining 25% growth in its loan book in this fiscal.


 


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