IndusInd Bank ties-up with Suzuki Motorcycle India

26 Jul 2012 Evaluate

IndusInd Bank has entered into a tie-up pact with Suzuki Motorcycle India (SMIPL) to offer retail financing facility to the latter’s customers across the country. This preferred tie-up will provide an easy retail finance option to SMIPL’s two-wheeler customers across its 250 dealerships.

Besides, with this venture SMIPL will be able to leverage the reach, expertise and support of the bank in order to finance a larger set of customers.

Indusind Bank caters to the needs of both consumer and corporate consumers. It has a robust technology platform supporting multi-channel delivery capabilities.

On the standalone basis, the bank has posted a rise of 31.12% in its net profit at Rs 236.26 crore for the quarter ended June 30, 2012 as compared to Rs 180.18 crore for the same quarter in the previous year.  Total income has increased by 41.36% at Rs 1950.82 crore for quarter under review as compared to Rs 1379.98 crore for the quarter ended June 30, 2011.

Indusind Bank Share Price

935.70 5.70 (0.61%)
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