IndusInd Bank moves up on extending pact with Lohia Industries

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

29 Mar 2017 Evaluate

IndusInd Bank is currently trading at Rs. 1406.50, up by 2.15 points or 0.15% from its previous closing of Rs. 1404.35 on the BSE.

The scrip opened at Rs. 1405.00 and has touched a high and low of Rs. 1412.00 and Rs. 1386.20 respectively. So far 3692837 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1425.00 on 28-Mar-2017 and a 52 week low of Rs. 913.65 on 29-Mar-2016.

Last one week high and low of the scrip stood at Rs. 1425.00 and Rs. 1369.20 respectively. The current market cap of the company is Rs. 84117.65 crore.

The promoters holding in the company stood at 16.81%, while institutions and non-institutions held 62.33% and 20.85% respectively.

IndusInd Bank has extended its agreement with Lohia Auto Industries for financing their electric three wheelers under the e-rickshaw category. This is in addition to the financing of diesel vehicles which the bank already provides. Through this partnership, the bank will offer retail vehicle finance at attractive rates of interest to the customers of Lohia Auto, for all Lohia 3-wheeler electronic and diesel models. This partnership will simplify the process for customers to take up three wheelers by providing loans which are hassle free and competitively priced.

The Memorandum of Understanding (MoU) between IndusInd Bank and Lohia Auto Industries was signed on May 25, 2016 for diesel vehicles and has now been extended to the electronic 3-wheeler segment. Since May 25, 2016, IndusInd Bank has financed close to 7.10 lakh 3-wheelers vehicles as a part of this association.

Both the entities are established names in their respective segments and are known for their reliability, and large distributor network. The loan facility will be available in almost in every part of the country namely Bihar, Madhya Pradesh, Jharkand, Punjab, Rajasthan, Maharashtra, Goa, Gujarat, Karnataka, Kerala & Uttar Pradesh.

Indusind Bank Share Price

922.20 -27.65 (-2.91%)

11-May-2026 16:00 View Price Chart

Peers

Company Name	CMP
HDFC Bank	764.55
ICICI Bank	1266.15
Axis Bank	1271.05
Kotak Mahindra Bank	381.30
Indusind Bank	922.20
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