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IndusInd Bank gains on launching TFE division for agri-finance

IndusInd Bank Ltd. | Bank - Private | BFSI | BSE: 532187 | NSE: INDUSINDBK

30 Jun 2014 Evaluate

IndusInd Bank is currently trading at Rs 572.00, up by 1.10 points or 0.19% from its previous closing of Rs 570.90 on the BSE.

The scrip opened at Rs 573.00 and has touched a high and low of Rs 576.10 and Rs. 570.40 respectively. So far 52777 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs. 585.00 on 26-Jun-2014 and a 52 week low of Rs 318.00 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 585.00 and Rs. 556.00 respectively. The current market cap of the company is Rs 30174.86 crore.

The promoters holding in the company stood at 15.21% while Institutions and Non-Institutions held 50.74% and 21.74% respectively.

IndusInd Bank, one of the fastest growing private sector banks in the country, has launched its Tractor and Farm Equipment (TFE) Finance vertical across the country to cater to the growing financial needs of agricultural community. With this, the bank will become the only destination for all the best-in-class consumer vehicle finance products served across the country.

The bank announced various flexible schemes to the rural populace, which will encourage easy payment options from time to time with hassle-free documentation. The bank offers funding with a customized payment option based on harvesting patterns for agricultural as well as commercial use. The bank ensures a quick processing and transparent procedure where the loan will be processed to farmers within 4 working days. The bank’s representative will personally visit the farmer and after assessing the required documents, will be able to approve the loan on the spot.

This initiative by the bank will support the financial requirements of farmers for acquiring new age and innovative farming equipments which will play a significant role in boosting their agriculture productivity thereby leading to rural prosperity.

Indusind Bank Share Price

853.15 4.60 (0.54%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	799.90
ICICI Bank	1347.50
Axis Bank	1359.15
Kotak Mahindra Bank	383.50
Indusind Bank	853.15
View more..

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IndusInd Bank gains on launching TFE division for agri-finance

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