IndusInd Bank gains on tying -up with SV Credit Line
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IndusInd Bank is currently trading at Rs. 1209.60, up by 18.00 points or 1.51% from its previous closing of Rs. 1191.60 on the BSE.
The scrip opened at Rs. 1198.95 and has touched a high and low of Rs. 1215.95 and Rs. 1196.60 respectively. So far 130024 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. 1207.95 and Rs. 1161.45 respectively. The current market cap of the company is Rs. 94052.46 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 tied-up with non-banking finance company SV Credit Line for a co-lending agreement for Rs 500 crore loan exclusively to women borrowers. The agreement will help rural women access to affordable loans which they could use for a wide range of economic activities such as agriculture, animal husbandry, trading and local manufacturing, among others.
IndusInd Bank is one of the fastest-growing banks in the banking sector in India.
