IndusInd Bank, the private sector lender, has inaugurated a new branch in Ujjain in the state of Madhya Pradesh. With the inauguration of new branch, the bank now has 45 branches in Madhya Pradesh state.

The bank plans to further strengthen its presence and customer reach in Madhya Pradesh with more branches in the coming quarters.

Soumitra Sen, head branch banking, IndusInd Bank said, ''We are happy to inaugurate a new branch in Ujjain, which is growing and constantly evolving market for the bank. This aligns with the bank's strategy to extend the reach and offer entire gamut of financial services including credit, savings, investments and insurance products to customers across Madhya Pradesh state.

The new branch aims at deepening relationships and attracting new customers, thus strengthening IndusInd Bank's client base across the region. As we expand into deeper geographies to serve the local populace, we look forward to bringing a whole new world of convenience and flexibility to customers.''

Shares of the company gained Rs 3.8, or 0.45%, to trade at Rs 857.20. The total volume of shares traded was 28,441 at the BSE (3.07 p.m., Wednesday).