IndusInd Bank gains on inking pact with Kinetic Green
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IndusInd Bank is currently trading at Rs. 1145.35, up by 8.55 points or 0.75% from its previous closing of Rs. 1136.80 on the BSE.
The scrip opened at Rs. 1141.10 and has touched a high and low of Rs. 1153.00 and Rs. 1141.10 respectively. So far 31816 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. 1217.00 and Rs. 1122.10 respectively. The current market cap of the company is Rs. 88800.26 crore.
The promoters holding in the company stood at 16.51%, while Institutions and Non-Institutions held 66.85% and 16.63% respectively.
Kinetic Green Energy and Power Solutions, India's leading manufacturer of Electric Vehicles (EVs), has partnered with IndusInd Bank to offer easy and affordable financing for their range of electric two-wheelers. Through this partnership, Kinetic Green aims to penetrate in deep rural parts of the country by providing access to digitally enabled loans from IndusInd Bank across Kinetic Green dealerships across India. Under these special scheme, customers will get up to 100% LTV (loan to value), at attractive interest rates and flexible tenures.
The program enables financing options for both salaried and self-employed customers and the scheme also provides the fastest turnaround time for an in-principal approval with its digital process that has minimal documentation.
IndusInd Bank is one of the fastest-growing banks in the banking sector in India.
