IndusInd Bank gains on joining hand with Mahagram

IndusInd Bank is currently trading at Rs. 910.00, up by 7.45 points or 0.83% from its previous closing of Rs. 902.55 on the BSE.

hindujas to pump another rs 2700 crore into indusind bank through warrants
hindujas to pump another rs 2700 crore into indusind bank through warrants

The scrip opened at Rs. 901.10 and has touched a high and low of Rs. 916.95 and Rs. 896.70 respectively. So far 35156 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. 811.60 on 27-Dec-2021.

Last one week high and low of the scrip stood at Rs. 921.70 and Rs. 860.35 respectively. The current market cap of the company is Rs. 70748.40 crore.

The promoters holding in the company stood at 16.52%, while Institutions and Non-Institutions held 68.18% and 15.30% respectively.

IndusInd Bank and Mahagram have joined hands to enhance digital payments ecosystem in the country. The partnership signed between Mahagram and IndusInd Bank aims to add 1.5 crore small merchants to UPI QR in the current fiscal year.

The partnership will help boost financial inclusion, encourage socio-economic development, mitigate risks of a shadow economy and accelerate growth of cashless society.

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

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