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IndusInd Bank zooms on partnering with Rupyy to offer paperless loans for used-cars

Aug-02-2022   14:17 Hrs IST

IndusInd Bank is currently trading at Rs. 1067.65, up by 26.80 points or 2.57% from its previous closing of Rs. 1040.85 on the BSE.

The scrip opened at Rs. 1032.00 and has touched a high and low of Rs. 1069.00 and Rs. 1032.00 respectively. So far 209123 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1241.85 on 28-Oct-2021 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. 1069.00 and Rs. 955.35 respectively. The current market cap of the company is Rs. 82659.10 crore.

The promoters holding in the company stood at 16.51%, while Institutions and Non-Institutions held 66.85% and 16.63% respectively.

IndusInd Bank has inked a strategic partnership with Rupyy - a new age digital lending platform offering 100% paperless loan processing. Rupyy is a fintech arm of the Jaipur based, Girnarsoft (which houses brands like CarDekho, BikeDekho, Zigwheels, Powerdrift etc).

This partnership will enable the users of ‘Rupyy’ to avail simplified documentation and instant processing of vehicle loans from IndusInd Bank. IndusInd Bank customers can now opt for flexible repayment options while transacting on ‘Rupyy’, making the process completely seamless and convenient for customers. IndusInd Bank will also leverage Rupyy’s digital assets and offer schemes that will further incentivize customers.

IndusInd Bank is one of the fastest-growing banks in the banking sector in India.