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IndusInd Bank enters into a strategic partnership with Jet Airways

04 Aug 2014 Evaluate

IndusInd Bank and Jet Airways have entered into a strategic partnership to launch a suite of Jet Airways Induslnd Bank Credit Cards. The new products provide an exclusive range of credit cards, offering rewards in the form of JPMiles on all spend and other benefits.

The partnership will bring consumers a choice of two powerful credit cards - ‘Jet Airways Induslnd Bank Odyssey Credit Card’ and ‘Jet Airways Induslnd Bank Voyage Credit Card’ offering unique rewards in the form of JPMiles on all spends along with an array of exclusive lifestyle benefits. This co-brand programme will be managed by Jet Privilege on behalf of Jet Airways.

The bank’s net profit for first quarter ended June 30, 2014 jumped by 25.75% at Rs 421.06 crore for the quarter as compared to Rs 334.84 crore for the quarter ended June 30, 2013. Bank’s total income has increased by 20.60% at Rs 2873.68 crore for the quarter under review as compared to Rs 2382.81 crore for the corresponding quarter of the previous fiscal.

Peers
Company Name CMP
HDFC Bank 706.70
ICICI Bank 1325.55
Axis Bank 1235.00
Kotak Mahindra Bank 417.55
Indusind Bank 888.40
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