ICICI Bank, India's largest private sector bank, organised Coin Exchange Mela at its Sangli Miraj branch in Maharashtra on Aug. 21, 2014, under the guidance of the Reserve Bank of India.
The event was inaugurated by R. B. Nandoskar, deputy general manager, Reserve Bank of India.
The bank organises coin exchange melas to offer free facility of exchanging acceptable soiled and mutilated currency notes with coins as well as provide fresh currency notes in exchange for soiled and mutilated ones to the general public. This is a much-awaited event that receives an overwhelming response from people from all walks of life. Anyone can avail of this facility free of cost.
The event saw participation of more than 100 customers, where the Bank exchanged coins worth over Rs 2 lakh in the denomination of Rs 10, Rs 5, Rs 2 and Rs 1.
ICICI Bank has 3,763 branches and 11,447 ATMs spread across the country at Jun. 30, 2014. The Bank has 585 branches Maharashtra along with 15 Touch Banking branches, which are operational round the clock.
Shares of the bank declined Rs 8, or 0.51%, to settle at Rs 1,571.25. The total volume of shares traded was 141,127 at the BSE (Thursday).