IndusInd Bank up on deal with Maruti Suzuki

IndusInd Bank is trading higher on the BSE after the bank joined hands with Maruti Suzuki to provide loans to the auto major’s customers on an all India basis.

The scrip is currently trading at Rs 81.10 per share, up 3.20 points or 4.11% on the BSE.

The stock opened at Rs 79.90 as compared to its previous close of Rs 77.90. Intraday, the counter touched a high and a low of Rs 82.20 and Rs 79.20, respectively.

So far, 85,812 shares of the company were traded on the BSE.

The stock touched its 52-week high of Rs 94.60 on June 29, 2009 and a 52-week low of Rs 26.20 on March 6, 2009.

The stock gained 4.38% since the past one week and 10.57% since the last one month.

IndusInd Bank has joined hands with Maruti Suzuki to provide loans to the auto major’s customers on an all India basis.  As per the terms of the deal, the bank will offer financing facilities to all eligible customers for purchasing Maruti vehicles.

Customers would get quicker and easier credit facilities by the combination of the expertise and the reach brought by these two organizations. As on June 30, 2009, IndusInd Bank has a network of 180 branches, spread over 147 geographical locations. The bank also operates through its 484 distribution outlets.