IndusInd Bank inches up on partnering with Trustmore to offer enhanced digital Escrow Services in India
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IndusInd Bank is currently trading at Rs. 1058.00, up by 1.00 points or 0.09% from its previous closing of Rs. 1057.00 on the BSE.
The scrip opened at Rs. 1056.95 and has touched a high and low of Rs. 1059.90 and Rs. 1046.90 respectively. So far 23314 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1694.35 on 15-Jan-2024 and a 52 week low of Rs. 1018.50 on 29-Oct-2024.
Last one week high and low of the scrip stood at Rs. 1199.95 and Rs. 1018.50 respectively. The current market cap of the company is Rs. 82339.57 crore.
The promoters holding in the company stood at 16.36%, while Institutions and Non-Institutions held 69.06% and 14.57% respectively.
IndusInd Bank has entered into a strategic alliance with Trustmore (Escrowpay), a digital escrow platform, to offer seamless and secure digital Escrow services across India. Through this collaboration, IndusInd Bank will extend its full suite of banking products and services to customers utilizing escrow services, enhancing transaction security and convenience.
Additionally, Trustmore’s customers, including both businesses and individuals, will benefit from an on-demand, trusted digital escrow solution backed by IndusInd Bank. Through its partnership with IndusInd Bank, Trustmore expands its footprint within the financial ecosystem, supporting enterprises across industries in managing secure transactions. Trustmore, the first company in India authorized by IFSCA, has on-boarded over 150,000 businesses and is recognized for its advanced digital escrow technology, tailored to meet the needs of the digital economy.
IndusInd Bank is one of the fastest-growing banks in the banking sector in India.
