IndusInd Bank gains on inking pact with Department of Panchayati Raj-Government of Uttarakhand
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IndusInd Bank is currently trading at Rs. 1145.50, up by 1.65 points or 0.14% from its previous closing of Rs. 1143.85 on the BSE.
The scrip opened at Rs. 1141.00 and has touched a high and low of Rs. 1149.00 and Rs. 1138.25 respectively. So far 12172 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1275.25 on 20-Sep-2022 and a 52 week low of Rs. 763.75 on 23-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1167.35 and Rs. 1131.00 respectively. The current market cap of the company is Rs. 88645.23 crore.
The promoters holding in the company stood at 15.16%, while Institutions and Non-Institutions held 63.87% and 12.78% respectively.
IndusInd Bank has partnered with the Department of Panchayati Raj, Government of Uttarakhand to offer its banking services in more than 600 Nyaya Panchayats. Under this partnership, IndusInd Bank through the vast network of ‘Bharat Money Stores’ of Bharat Financial Inclusion which is a wholly owned subsidiary of the Bank, will provide fully digital and paperless banking services to its rural customers from neighbouring villages.
The initiative aims at providing banking and financial services such as account opening, fixed deposits, money transfer, and bill payments among others. Currently, the program has been initiated as a pilot project with an aim to be expanded across the gram panchayats.
IndusInd Bank is one of the fastest-growing banks in the banking sector in India.
