Indusind Bank Plans Branch Expansion In Ayodhya

Indusind Bank is set to open four new branches in Ayodhya, strategically responding to the anticipated business growth associated with the opening of the Ram Temple. This move aligns with a broader trend observed among banks like HDFC Bank, J&K Bank and Karnataka Bank, all expanding their presence in the area, including additional branches and ATMs.

The competitive drive among these banks is fueled, in part, by the attractive prospect of managing the accounts of the Ram Mandir Trust, known to hold a significant amount of funds. Following the Supreme Court's pivotal decision in November 2019, Ayodhya has experienced increased commercial activity and improved infrastructure. This transformation is expected to draw more visitors, leading to a heightened demand for banking services in the city.