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IndusInd Bank inks pact with Department of Panchayati Raj-Government of Uttarakhand

16 Nov 2022 Evaluate

IndusInd Bank has partnered with the Department of Panchayati Raj, Government of Uttarakhand to offer its banking services in more than 600 Nyaya Panchayats. Under this partnership, IndusInd Bank through the vast network of ‘Bharat Money Stores’ of Bharat Financial Inclusion which is a wholly owned subsidiary of the Bank, will provide fully digital and paperless banking services to its rural customers from neighbouring villages.

The initiative aims at providing banking and financial services such as account opening, fixed deposits, money transfer, and bill payments among others. Currently, the program has been initiated as a pilot project with an aim to be expanded across the gram panchayats.

IndusInd Bank is one of the fastest-growing banks in the banking sector in India.

Peers
Company Name CMP
HDFC Bank 707.25
ICICI Bank 1318.60
Axis Bank 1226.80
Kotak Mahindra Bank 416.00
Indusind Bank 886.75
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