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14-09-2023 12:20 PM | Source: Accord Fintech
IndusInd Bank gains on launching `Virtual Commercial Card`

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IndusInd Bank is currently trading at Rs. 1462.65, up by 7.00 points or 0.48% from its previous closing of Rs. 1455.65 on the BSE.

The scrip opened at Rs. 1455.05 and has touched a high and low of Rs. 1466.90 and Rs. 1451.25 respectively. So far 33630 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,466.90 on 14-Sep-2023 and a 52 week low of Rs. 990.25 on 20-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1466.90 and Rs. 1416.00 respectively. The current market cap of the company is Rs. 112835.06 crore.

The promoters holding in the company stood at 16.49%, while Institutions and Non-Institutions held 68.92% and 14.58% respectively.

IndusInd Bank has launched the ‘Virtual Commercial Card', a credit card that is all set to redefine cross-border transactions for corporates and travel agents. In a tie-up with Visa, the global leader in digital payments and Juspay, India’s payments operating system, this dynamically generated virtual card has additional layers of security that can be defined for each transaction, which grants the users complete control over their international expenses, making it a safe and hassle-free experience for the customers.

Launched as ‘Virtual commercial Credit Card’, this offering is tailored to cater to the distinct requirements of corporates and travel industry, who make numerous bookings in multiple foreign currencies. With the Virtual Commercial Cards, these commercial users can generate virtual cards or credentials in foreign-denominated currencies as well, safeguarding the parent card number, ensuring utmost security for transactions. Each virtual card can be fully customized with transaction-specific limits and even the expiry dates can be defined to ensure secure and seamless payment experience.

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