IndusInd Bank rises on launching ‘Indus Forex Card’

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

16 Aug 2012 Evaluate

IndusInd Bank is currently trading at Rs. 333.00, up by 0.75 points or 0.23% from its previous closing of Rs. 332.25 on the BSE.

The scrip opened at Rs. 330.00 and has touched a high and low of Rs. 338.00 and Rs. 330.00 respectively. So far 36,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 351.90 on 19-Apr-2012 and a 52 week low of Rs. 221.75 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 338.00 and Rs. 320.00 respectively. The current market cap of the company is Rs. 15,612 crore.

The promoters holding in the company stood at 19.41% while Institutions and Non-Institutions held 42.92% and 23.87% respectively.

IndusInd Bank has launched foreign currency pre-paid travel card - the Indus Forex card that is designed to offer travellers all the convenience and a secure way of carrying foreign currency abroad.

The 'Indus Forex card' comes with an array of exciting features, which have been tailor-made to ensure utmost comfort and convenience to the customers. It is available in 6 leading currencies - US Dollar, Euro, Sterling Pound, Singapore Dollar, Australian Dollar and Saudi Riyal. With this launch, the bank is targeting the lucrative travel segment and wants to garner a sizable market share in the next few years.

Besides, these cards can be used to withdraw cash from ATMs as well as to pay at Merchant Outlets. Customers can track spends or check the balance of Indus Forex card through multiple convenient options. The card comes with a choice of single or paired card kit. The smart option of a paired card kit equips consumers with an extra back-up card, in case primary card is damaged/ lost / stolen. Indus Forex card is available at select IndusInd Bank branches and with selected partner agents.

IndusInd Bank has partnered with ElectraCard Services (ECS), a leading provider of software solutions for electronic payment systems to launch the Forex card program. As a part of this association, ECS will provide technology and processing services for Forex card program solution and is hosted from its world-class PCI-DSS certified data centre in Mumbai, India.

Indusind Bank Share Price

1016.25 1.25 (0.12%)

10-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	824.25
ICICI Bank	1401.45
Axis Bank	1323.75
Kotak Mahindra Bank	377.80
Indusind Bank	1016.25
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