Intellect Design Arena shines on partnering with Indian Bank for corporate banking modernisation
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Intellect Design Arena is currently trading at Rs. 779.65, up by 31.20 points or 4.17% from its previous closing of Rs. 748.45 on the BSE.
The scrip opened at Rs. 752.75 and has touched a high and low of Rs. 782.00 and Rs. 751.00 respectively. So far 25768 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 782.00 on 11-Dec-2023 and a 52 week low of Rs. 388.00 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 782.00 and Rs. 739.00 respectively. The current market cap of the company is Rs. 10633.55 crore.
The promoters holding in the company stood at 30.42%, while Institutions and Non-Institutions held 28.29% and 41.29% respectively.
Intellect Design Arena has partnered with Indian Bank. The Bank has chosen Intellect’s eMACH.ai powered Cash Management System to bolster their Corporate Banking Modernisation. This strategic partnership is a pivotal moment - adding another feather to Intellect’s growing footprint in the Indian BFSI industry, rendering the capabilities of a cognitive enterprise for revolutionising transaction banking.
Indian Bank is one of the leading government-owned banks in India with a network of 4900 ATMs and 5798 domestic branches, serving over 100 million customers with 41,000+ employees and $140+ billion worth of assets. Indian Bank has always been a forerunner in offering digital products and emphasises leveraging operational efficiencies, cost synergies and new opportunities in terms of brand and reach to deliver enhanced customer experience.
Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.
