IndusInd Bank gains on launching ‘IndusInd Bank PAYBACK Credit Card’

IndusInd Bank is currently trading at Rs. 1452.35, up by 7.85 points or 0.54% from its previous closing of Rs. 1444.50 on the BSE.


The scrip opened at Rs. 1445.00 and has touched a high and low of Rs. 1454.35 and Rs. 1441.25 respectively. So far 14436 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2037.90 on 03-Aug-2018 and a 52 week low of Rs. 1333.90 on 31-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1511.95 and Rs. 1439.00 respectively. The current market cap of the company is Rs. 87461.62 crore.

The promoters holding in the company stood at 16.79%, while Institutions and Non-Institutions held 63.68% and 19.53% respectively.

IndusInd Bank has launched ‘IndusInd Bank PAYBACK Credit Card’, a co-branded credit card in partnership with PAYBACK - the country’s largest multi-brand loyalty program. With the IndusInd Bank PAYBACK Credit Card, the customer will not only earn PAYBACK Points on all transactions on the co-branded credit card, but will also get additional PAYBACK Points on transactions made at over hundred PAYBACK partner brands - both in-store and online.

All the points earned in the customer’s card account will be transferred to the customer’s PAYBACK account and can then be redeemed for a slew of exciting options such as dining, shopping, entertainment, travel bookings among others. The card is powered by Visa’s ‘payWave’ technology which enables customers to make payments by simply waving the card near the merchant terminal.

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

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