IndusInd Bank trades jubilantly on inking pact with IBM to deepen Customer Relationships

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

04 Sep 2013 Evaluate

IndusInd Bank is currently trading at Rs. 371.20, up by 22.70 points or 6.51% from its previous closing of Rs. 348.50 on the BSE.

The scrip opened at Rs. 351.20 and has touched a high and low of Rs. 375.00 and Rs. 344.15 respectively. So far 229159 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. 308.00 on 11-Sep-2012.

Last one week high and low of the scrip stood at Rs. 385.40 and Rs. 318.00 respectively. The current market cap of the company is Rs. 19218.03 crore.

The promoters holding in the company stood at 15.27% while Institutions and Non-Institutions held 49.30% and 23.07% respectively.

Induslnd Bank, a Mumbai-based, new generation private bank that offers retail, commercial, transactional and electronic banking products and services, First-of-a-Kind (FOAK) engagement with IBM. IBM will provide innovative technology - to enable Induslnd Bank to deepen customer relationships by delivering personalized, location - based recommendations and offers in real-time.

IBM Research - India has developed a new technology that connects people with contextual information. Once a user has opted-in for the service, the tool cross-references the user's location with the user's activity to provide useful insights. As users conduct daily transactions, such as buying airline tickets, or shopping at the mall, the system sends relevant promotions by Email, and mobile alerts as per user preferences.

CEOs and C-Suite leaders around the world are reassessing how to serve their customers not as a mass audience, but as individuals with personalized needs. As part of its broader strategy, Induslnd Bank is making a major investment to transform its entire front office - every system, process and person that touches the customer - to better anticipate, respond to and capitalize on future events quickly and ahead of its competition

IBM's technology is embedded within the bank's customer channels, such as Net Banking, ATM, SMS Alerts, Phone Banking, Branch Offices, etc. In addition to helping Induslnd Bank to better understand their own customers, the service can also help in reaching non-customers.

The IBM First-of-a-Kind (FOAK) program brings together IBM Researchers and clients to validate new technologies on real business problems and growth opportunities.

Indusind Bank Share Price

949.85 3.25 (0.34%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	781.20
ICICI Bank	1264.80
Axis Bank	1269.40
Kotak Mahindra Bank	380.75
Indusind Bank	949.85
View more..

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