IndusInd Bank, the private sector lender, has inaugurated a new branch at Chennai. With this, IndusInd Bank now 16 branches in Chennai and 41 in Tamil Nadu state.

Soumitra Sen, head branch banking, IndusInd Bank said, 'We are happy to inaugurate a new branch in Royapettah, a centrally located hub in Chennai. The opening of the new branch aligns with the bank’s strategy to extend the reach and offer entire gamut of financial services including credit, savings, investments and insurance products to customers across Tamil Nadu.'

'The new branch aims at deepening relationships and attracting new customers, thus strengthening IndusInd Bank’s client base across the city,' he added.

The bank plans to further strengthen its presence and customer reach in Tamil Nadu with more branches in the coming quarters.

Shares of the bank declined Rs 6.5, or 0.78%, to trade at Rs 823.90. The total volume of shares traded was 79,684 at the BSE (12.48 p.m., Wednesday).