Indusind Bank surges on inaugurating first Currency Chest in Mumbai

Indusind Bank is currently trading at Rs. 334.35, up by 6.40 points or 1.95% from its previous closing of Rs. 327.95 on the BSE.

The scrip opened at Rs. 330.00 and has touched a high and low of Rs. 336.50 and Rs. 329.60 respectively. So far 36442 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 351.90 on 19-Apr-2012 and a 52 week low of Rs. 221.75 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 336.50 and Rs. 320.00 respectively. The current market cap of the company is Rs. 15726.05 crore.

The promoters holding in the company stood at 19.46% while Institutions and Non-Institutions held 42.90% and 23.80% respectively. 

Indusind Bank has opened its first Currency Chest in Mumbai at the bank's Thane branch.  The Currency Chest has been setup with most modern, state-of-the-art machines available today in note counting, sorting and counterfeit detection. Also, it is strategically located to provide easy access to the bank’s clients and branches lined across both Western and Eastern Express Highways as also other areas around Mumbai.

The General Manager, Reserve Bank of India has inaugurated the Currency Chest in the presence of MD & CEO and other senior officials of the bank. The bank is committed to provide better services to its clients and this Currency Chest would be a pillar of support for cash transactions at branches in the region.  This is bank’s another step towards customer responsiveness.

Further, the bank's second Currency Chest is coming up at New Delhi and would be made operational by the end of this financial year.