IndusInd Bank opens third currency chest

IndusInd Bank has inaugurated the currency chest in city, the third such facility in the country, aimed at serving its branches in the southern region.
IndusInd Bank opened its first currency chest in Mumbai in June 2012, second in New Delhi in March 2013 and the third in Chennai recently, the bank said in a statement.
"With the new currency chest in Chennai, IndusInd Bank has three currency chests across the country. IndusInd Bank has drawn up an ambitious plan for setting up a sizeable number of currency chests across India in line with bank's business growth", it said.
"The currency chest in Chennai is equipped with cash processing facilities to cater to the needs of IndusInd branches and ATMs in southern part of the country. This would enable bank branches to handle large volumes of cash," bank's Chief Operating Officer Paul Abraham said.

As on March 31, 2014, IndusInd Bank had 602 branches and 1,110 ATMs spread across the country, the statement added.