IndusInd Bank partners with Rupyy to offer used car loans
IndusInd Bank has signed a Memorandum of Association (MoU) with a new era digital lending platform called Rupyy. According to the announcement, the strategic partnership will offer 100% paperless loan processing.
Rupyy is the fintech arm of Girnarsoft Pvt, based in Jaipur. Ltd., home to brands such as CarDekho, BikeDekho, Zigwheels, and Powerdrift, among others. This cooperation will allow Rupyy users to benefit from easier documentation and instant processing of IndusInd Bank car loans. Additionally, bank customers can now choose from a variety of flexible repayment alternatives while transacting on Rupyy.
AG Sriram, Head of Consumer Finance Division, IndusInd Bank, on announcing the MoU said, “We are delighted to partner with Rupyy to provide the full range of car loan offerings from IndusInd Bank. ‘opportunity. As a customer-focused bank, we are excited to grow our digital footprint and reach potential customers through their preferred online channels. We believe this partnership will add an extra layer of convenience for customers to integrate a seamless auto loan journey. At IndusInd Bank, we constantly strive to come up with innovative proposals to ensure a pleasant banking experience for customers.
To go further, Executive Vice President of IndusInd Bank, TA Rajagoppalan added, “TO IndusInd Bank, we are constantly striving to come up with innovative proposals that can accelerate the transition to a digital economy. With our decades of expertise in the auto finance segment, combined with Rupyy’s new era digital experience, we are sure this marks the start of an exciting phase in our relationship with Rupyy, as well as a wonderful experience. digital for our customers. .”
In addition, IndusInd Bank will also use Rupyy’s digital assets and provide consumers with additional incentives through its programs.
Recently, the banking company announced a strategic partnership with MoEngage, an insight-driven customer engagement platform, to deliver a distinct digital experience across multiple customer journeys. Under the partnership, Induslnd Bank would leverage MoEngage’s technology platform to deliver a “Gen Z” digital banking experience to its customers. Thanks to this collaboration, the bank will be able to organize personalized content and recommendations on the channels where consumers spend the majority of their time.
IndusInd Bank, launched in 1994, meets the needs of individuals and businesses. Its technology platform supports multi-channel streaming capabilities. As of March 31, 2022, IndusInd Bank had 2,265 branches and 2,767 ATMs across 776 geographic locations in the country. Additionally, the bank has representative offices in Abu Dhabi, Dubai and London.
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It enjoys clearing bank status for the two major stock exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), and the major commodity exchanges in the country, including the Multi Commodity Exchange of India Limited (MCX) , the National Commodity and Derivatives Exchange Limited (NCDEX) and National Multi-Commodity Exchange (NMCE).
On April 1, 2013, IndusInd Bank was added to the NIFTY 50 (National Stock Exchange FIFTY) benchmark index. Additionally, shares of IndusInd Bank Limited last traded at Rs 1043.20 on the BSE, down from the previous close of Rs 1017.70.