IndusInd Bank partners with Rupyy to offer 100% paperless loans for used-cars

IndusInd Bank today announced a strategic partnership with Rupyy - a new age digital lending platform offering 100% paperless loan processing. Rupyy is a fintech arm of the Jaipur based, Girnarsoft Pvt Ltd (which houses brands like CarDekho, BikeDekho, Zigwheels,Powerdrift etc).

This partnership will enable the users of 'Rupyy' to avail simplified documentation and instant processing of vehicle loans from IndusInd Bank. IndusInd Bank customers can now opt for flexible repayment options while transacting on 'Rupyy', making the process completely seamless and convenient for customers.

Announcing the MoU, Mr. A.G. Sriram, Head - Consumer Finance Division, IndusInd Bank, said, "We are delighted to partner with Rupyy to provide the whole gamut of used-car loan offers. As a customer-first Bank, we are excited to increase our digital footprint and reach out to potential customers on their preferred online channels. We believe this partnership will add an extra layer of convenience for customers in order to on-board a seamless auto loan journey. At IndusInd Bank, it is our constant endeavour to bring forth path-breaking propositions to ensure a delightful banking experience for customers."

Mr. T.A. Rajagoppalan, Executive Vice President, IndusInd Bank, added, "At IndusInd Bank, it has been our constant attempt to bring forth innovative propositions that can accelerate the shift to a digital economy. With our decades of expertise in the vehicle finance segment combined with Rupyy's new-age digital experience, we are sure that this marks the beginning of an exciting phase in our relationship with the Rupyy as well as a wonderful digital-first experience for our customers."

IndusInd Bank will also leverage Rupyy's digital assets and offer schemes that will further incentivize customers.

Shares of IndusInd Bank Limited was last trading in BSE at Rs. 1043.20 as compared to the previous close of Rs. 1017.70. The total number of shares traded during the day was 297399 in over 11899 trades.

The stock hit an intraday high of Rs. 1049.40 and intraday low of 1018.65. The net turnover during the day was Rs. 307569526.00.

Source : Equity Bulls

Keywords

IndusIndBank INE095A01012 Rupyy DigitalLendingPlatform Fintech