HDFC Bank jumps on teaming up with Retailio

HDFC Bank is currently trading at Rs. 1317.90, up by 15.00 points or 1.15% from its previous closing of Rs. 1302.90 on the BSE.

hdfc bank ranked indias no 1 brand for 7th consecutive year
hdfc bank ranked indias no 1 brand for 7th consecutive year

The scrip opened at Rs. 1297.70 and has touched a high and low of Rs. 1320.55 and Rs. 1296.20 respectively. So far 43297 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 1724.30 on 18-Oct-2021 and a 52 week low of Rs. 1278.30 on 19-May-2022.

Last one week high and low of the scrip stood at Rs. 1333.00 and Rs. 1278.30 respectively. The current market cap of the company is Rs. 726078.28 crore.

The promoters holding in the company stood at 25.78%, while Institutions and Non-Institutions held 60.33% and 13.89% respectively.

HDFC Bank has teamed up with Retailio and rolled out new range of co-branded credit cards. This card primarily targeted at chemists and pharmacies in the merchant segment.

This partnership is likely to cover over 1.4 lakh merchants in the first phase of its roll-out. It will also be available to over 1 lakh customers of Retailio from their existing merchant base and as well as new customers.

Retailio is the country’s largest B2B pharma marketplace.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

Leave a Comment