IndusInd Bank, the private sector lender, has unveiled its currency chest in Kolkata. "The initiative will help the bank to execute functions like acceptance of cash from branches, ATM replenishments, arrangement of fresh note remittances and remitting soiled notes to Reserve Bank of India (RBI), Kolkata," the bank said.
Commenting on this, Ramesh Ganesan, head transaction banking Indusind Bank said, ''The currency chest in Kolkata is equipped with state-of-the-art cash processing facilities to cater to the needs of Indusind branches and ATMs in eastern part of the country. This would enable the bank branches to handle larger volumes of cash. This is in line with the bank's customer centric philosophe to service its customer needs more efficiently.''
"Bank has ambitious plans to increase current network of 129 branches and 217 ATMs in East Zone, post opening of Kolkata currency chest," it said.
Shares of the bank declined Rs 9.2, or 1.02%, to settle at Rs 889.05. The total volume of shares traded was 87,513 at the BSE (Wednesday).