Vistara partners with IndusInd Bank to launch co-branded credit card
We are delighted to collaborate with Vistara, to launch the 'Club Vistara IndusInd Bank Explorer' credit card that aims to revitalise the way India travels.
We are delighted to collaborate with Vistara, to launch the 'Club Vistara IndusInd Bank Explorer' credit card that aims to revitalise the way India travels.
The bank had posted a net profit of Rs 510.39 crore in the corresponding quarter of the previous financial year.
A special low EMI options scheme will be offered for the first 3-6 months as part of this partnership.
The bank said that he will sell the shares to repay loans taken to exercise earlier vested ESOPS.
Net interest income (NII) rose by 9 per cent year-on-year to Rs 3,535 crore in Q4 of FY21.
The filing said that this would lead to IIHL shoring up additional equity of 1.7 per cent in IndusInd Bank thereby bringing promoter equity to 15 per cent on a diluted basis.
The other income came down 8 per cent to Rs 1,646 crore, which resulted in an only 4 per cent increase in the overall income to Rs 5,052 crore.
Kotak Mahindra Bank and the RBI had announced a truce earlier this year under which the central bank allowed promoter Uday Kotak and entities linked to him to hold a 26 per cent stake after the regulator was dragged to court.
The lender said that its business was highly impacted in the first quarter due to the lockdown since March 24, 2020 to mitigate the spread of the Covid-19 pandemic.
The S&P BSE Sensex ended 811.68 points or 2.09 per cent lower at 38,034.14 levels.
