Indian Bank rises on collaborating with Tata Motors Passenger Vehicles
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Indian Bank is currently trading at Rs. 175.20, up by 1.25 points or 0.72% from its previous closing of Rs. 173.95 on the BSE.
The scrip opened at Rs. 176.90 and has touched a high and low of Rs. 176.90 and Rs. 173.45 respectively. So far 112259 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 194.80 on 26-Oct-2021 and a 52 week low of Rs. 115.15 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 176.90 and Rs. 167.00 respectively. The current market cap of the company is Rs. 21757.86 crore.
The promoters holding in the company stood at 79.86%, while Institutions and Non-Institutions held 13.73% and 6.42% respectively.
Indian Bank has collaborated with Tata Motors Passenger Vehicles to offer its car loans to customers. This strategic partnership aims to provider customised car loans for customers through over 5,700 branches of the bank.
Indian Bank would also able to provide easy financing schemes to customers through the 310 dealers of Tata Motors who have over 1,000 touch points across the country.
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
