Wednesday, September 19, 2012

>INDUS IND BANK: Suzuki two-wheelers and IndusInd bank tie up for retail finance; IndusInd Bank launches Indus Forex Card & Opens its first Currency Chest

Latest Updates
• Net Profit was Rs.2362.60 mn as against Rs. 1801.80 mn in the corresponding quarter of the previous year up by 31%.
• Total deposits as on June 30, 2012 were at Rs. 450758.60 mn as compared to Rs. 352640.60 crore in the corresponding quarter of the previous year, up by 28%.
• CASA for Q1 FY13 stood at 27.86% as against 28.20% in Q1 FY12. CASA showed an increase of 26% in absolute numbers on Y-O-Y basis.
• Bank’s Capital Adequacy Ratio registered at 13.42% as on 30.06.12.
• IndusInd Bank Ltd increased network to 421 Branches, and 735 ATMs as against 326 Branches and 633 ATMs as on June 30, 2011.

• Suzuki two-wheelers and IndusInd bank tie up for retail finance
Suzuki Motorcycle India Pvt. Ltd. (SMIPL), a subsidiary of one of the world’s leading two-wheeler manufacturers Suzuki Motor Corporation, Japan, entered into a preferred tie-up with IndusInd Bank to extend retail finance to Suzuki two-wheeler customers across all 250 SMIPL dealerships. The preferred tie up will provide Suzuki customers an easy retail finance option.

• IndusInd Bank launches Indus Forex Card
IndusInd Bank launches foreign currency pre-paid travel card – the Indus Forex card that is designed to offer travelers all the convenience and a secure way of carrying foreign currency abroad. The Indus Forex card comes with an array of exciting features which have been tailor-made to ensure utmost comfort and convenience to the customers. It is available in 6 leading currencies - US Dollar, Euro, Sterling Pound, Singapore Dollar, Australian Dollar and Saudi Riyal. These cards can be used to withdraw cash from ATMs as well as to pay at Merchant Outlets. Customers can track spends or check the balance of Indus Forex card
through multiple convenient options. IndusInd Bank has partnered with ElectraCard Services (ECS), a leading provider of software solutions for electronic payment systems to launch the Forex card program.

IndusInd Bank opens its first Currency Chest
IndusInd Bank opened its first Currency Chest in Mumbai at the Bank’s Thane Branch. The Currency Chest has been setup with most modern, state-of-the-art machines available today in note counting, sorting and counterfeit detection. Also, it is strategically located to provide easy access to our clients and branches lined across both Western and Eastern Express Highways as also other areas around Mumbai. The Bank’s second Currency Chest is coming up at New Delhi and would be made operational by the end of this financial year.

To read report in detail: INDUSIND BANK