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HomeStocksIndusInd Bank Launch India’s First Corporate Credit Card

IndusInd Bank Launch India’s First Corporate Credit Card

Launch of eSvarna

IndusInd Bank has launched ‘IndusInd Bank eSvarna’, India’s first Corporate Credit Card on the RuPay network. This launch positions IndusInd Bank as the first in the country to integrate UPI functionality with a Corporate Credit Card. The card facilitates smooth transactions at merchant outlets and allows users the flexibility to make UPI payments by linking the card with UPI-enabled apps.

The IndusInd Bank eSvarna credit card on the RuPay network comes with an array of exclusive perks and rewards. IndusInd Bank eSvarna credit cardholders can look forward to a luxurious travel experience, including complimentary lounge access and fuel surcharge waiver. Corporate travellers can receive the added benefit of comprehensive travel insurance coverage and an exclusive rewards program meticulously crafted for corporate entities, which makes this credit card a valuable financial solution for various business transactions.

Read: Pros and Cons of Linking Your RuPay Credit Card with UPI

Company profile

IndusInd Bank Ltd was incorporated in 1994 as a commercial bank under the Banking Regulation Act, of 1949. It is one of the fastest-growing banks in the banking sector in India. The Bank is publicly held and provides a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations. The Bank operates in India including at the International Financial Service Centres in India.

Stock price movement

On Tuesday, the IndusInd Bank stock opened at Rs 1,561.35 and touched a high and low of Rs 1,582 and Rs 1,557.40, respectively. The BSE group ‘A’ stock of face value of Rs 10 has a 52-week high and low of Rs 1,590.80 and Rs 990.25, respectively. Last one week high and low of the scrip stood at Rs 1,590.80 and Rs 1,528.70, respectively.

The promoters holding in the company stood at 16.47%, while Institutions and Non-Institutions held 70.02% and 13.49% respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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