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IndusInd Bank to triple solar-powered ATMs in next two years: Report

05 Nov 2012 Evaluate

IndusInd Bank is reportedly planning to triple the number of solar-powered ATMs in its network in the next two years. The bank aims to increase its overall ATM network strength to 1,500 ATMs in 2 years, of which at least one-fifth would be solar-powered. At present, the bank has 750 ATMs, of which 100 are solar-powered. It is the only bank in the country to have solar powered ATMs. 

The bank has registered a jump of over 29.60% in its net profit at Rs 250.25 crore for quarter ended 31st September 2012 as compared to Rs 193.09 crore in the corresponding quarter previous year. The total income of the bank has also increased by 31.05% to Rs 2048.42 crore for the quarter under review as compared to Rs 1563.07 crore in the same month last year.

Peers
Company Name CMP
HDFC Bank 708.00
ICICI Bank 1379.15
Axis Bank 1247.50
Kotak Mahindra Bank 418.70
Indusind Bank 977.80
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