Indbank opens new branch at Cuddalore

Indbank Merchant Banking Services (Indbank), a subsidiary of Indian Bank, has opened a new branch office at Cuddalore in the state of Tamil Nadu. The company has also launched Indbankonline Stock Trading Point, an Internet-based stock trading facility, at the same branch.

Recently, the company had inaugurated branch office at Visakhapatnam in the state of Andhra Pradesh.

After setting up of this branch, Indbank has increased its network to 22 branch offices. In addition to branches, Indbank has exclusive stock trading terminals at 31 significant venues.

As part of its expansion plan, Indbank proposes to add eight more branches in main locations across India.

The company offers services such as merchant banking and advisory services, stock broking services, demat services and it also distributes mutual funds and other investment products.