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IndusInd Bank surges on launching Iconia American Express Card

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

30 May 2013 Evaluate

IndusInd Bank is currently trading at Rs. 528.15, up by 11.55 points or 2.24% from its previous closing of Rs. 516.60 on the BSE.

The scrip opened at Rs. 514.50 and has touched a high and low of Rs. 528.50 and Rs. 512.90 respectively. So far 76494 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 530.60 on 27-May-2013 and a 52 week low of Rs. 288.00 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 530.60 and Rs. 485.00 respectively. The current market cap of the company is Rs. 27454.93 crore.

The promoters holding in the company stood at 15.29% while Institutions and Non-Institutions held 49.01% and 23.33% respectively.

IndusInd Bank and American Express have jointly launched the IndusInd Bank Iconia American Express Card. The bank has formed a strategic partnership with American Express for the said Card. This is the bank's first American Express-branded credit card product on the American Express network and offers strong rewards and lifestyle benefits catering to the needs of affluent customers.

The IndusInd Bank Iconia American Express Card offers a strong earn rate of 1.5 Reward Points and 2 Reward Points for every Rs 100 spent on Weekdays and Weekends respectively. These Reward Points can be redeemed for Cash Credit at full value, i.e., 1 Reward Point for 1 Indian Rupee. Additionally, the Reward Points can also be redeemed for Partner Air miles. This unique rewards proposition makes the Card one of the more rewarding Cards in India. The Card also offers a host of lifestyle benefits including golf, entertainment, travel and dining.

IndusInd Bank caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel delivery capabilities. As on December 31, 2012, IndusInd Bank had 461 branches, and 852 ATMs spread across 320 geographical locations of the country. The Bank also has representative offices in London and Dubai.

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 surges on launching Iconia American Express Card

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