IndusInd Bank partners with Tiger Fintech to launch co-branded credit card

IndusInd Bank and Tiger Fintech (a Bajaj Capital Group company) have launched the IndusInd Bank Tiger Credit Card, a co-branded credit card powered by Visa. With this launch, customers will get access to best-in-class credit card to meet their lifestyle needs.

The credit card comes with a host of attractive benefits including a carefully crafted ‘Magnificent Rewards Program’ where customers earn up-to 6X accelerated rewards. Cardholders will also be able to convert their rewards points to air miles and enjoy discounted foreign currency mark-up of 1.5% on international spends.

This co-branded credit card also offers access to complimentary benefits like 24x7 concierge facility, domestic and international lounge access at the airports, games/lessons of golf, assured movie tickets and many other entertainment benefits.

IndusInd Bank Ltd was incorporated in 1994 as a commercial bank under the Banking Regulation Act, 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.

On Thursday, the shares of IndusInd Bank closed at Rs 1364.05, down by 1.23% from its previous closing of Rs 1381.10 on the BSE.

Today, the stock opened at Rs 1378.00 and has touched a high and low of Rs 1380.00 and Rs 1354.70 respectively.

The BSE group ‘A’ stock of face value Rs 10 has touched a 52 week high and low of Rs 1,446.35 and Rs 990.25, respectively.

Last one week high and low of the scrip stood at Rs 1423.55 and Rs 1354.70 respectively. The current market cap of the company is Rs 1,05,891.69 crore.

The promoters holding in the company stood at 16.49%, while Institutions and Non-Institutions held 69.93% and 14.59% 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.