IndusInd Bank trades in green on the BSE

IndusInd Bank is currently trading at Rs 546.00, up by 12.15 points or 2.28% from its previous closing of Rs 533.85 on the BSE. The scrip opened at Rs 540.00 and has touched a high and low of Rs 549.30 and Rs 531.10 respectively. So far 97499 shares were traded on the counter. The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 585.00 on 16-May-2014 and a 52 week low of Rs 318.00 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs 571.90 and Rs 528.10 respectively. The current market cap of the company is Rs 28724.36 crore. The promoters holding in the company stood at 15.21% while Institutions and Non-Institutions held 50.74% and 21.74% respectively. Indusind Bank has launched a new customer-centric service titled Video Branch. This innovative offering (first-of-its-kind initiative in the banking industry) enables the customers to do a video conference with the Bank staff in order to avail various services offered by Bank. This is first-of- its- kind initiative in the banking industry which facilitates customers to interact with the Video Branch at their own convenience either from his desktop/laptop computers or Apple and Android smart phones. This facility will be available to all existing and new customers of Induslnd Bank. The bank’s net profit for the quarter ended March 31, 2014 jumped by 28.83% at Rs 396.05 crore for the quarter as compared to Rs 307.4 crore for the quarter ended March 31, 2013. Bank’s total income has increased by 23.35% at Rs 2,702.19 crore for the quarter under review as compared to Rs 2,190.66 crore for the corresponding quarter of the previous fiscal.