Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

IndiGo partners Kotak Mahindra Bank for Ka-ching co-branded credit card

Posted On: 2021-10-25 21:30:43 (Time Zone: IST)


Kotak Mahindra Bank (KMBL) and IndiGo today announced a strategic partnership for the launch of a co-branded credit card - Ka-ching - under the 6E Rewards program. This collaboration will create value for customers in the form of a powerful product proposition offering a premium rewards experience to customers.

Customer research reveals that travel has emerged as the most sought after redemption category in terms of reward programmes. Customers prefer to receive travel-associated offers and benefits such as free flights while redeeming their reward points - a trend that is expected to accelerate as air travel reaches pre-pandemic levels.

The Ka-ching co-branded credit card, to be launched in November 2021, will provide exclusive travel benefits to members. Available in two variants, 6E Rewards and 6E Rewards XL, the new credit cards will provide a richer travel experience with varied benefits and unmatched rewards to the card-holders keen on domestic or international travel. They will also be able to earn additional 6E Rewards on dining, shopping, transport, medical bill spends, utilities, fuel and other major categories with Feature Partners of 6E Rewards Program. The credit card will allow customers to accrue accelerated 6E Rewards on their spends and redeem these points for airline tickets anytime with no blackout dates on redemptions. Furthermore, customers will have access to other special benefits on IndiGo including complimentary air ticket, discounted convenience fee, priority check-in, choice of seat and a complimentary meal.

William Boulter, Chief Commercial Officer, IndiGo said, "We believe in providing our customers a memorable and hassle-free experience when they fly IndiGo. Our partnership with Kotak Mahindra Bank to launch 'Ka-ching' reinforces that commitment. We are excited to indulge our customers with 6E Rewards on flight bookings, dining, entertainment and other spends that can be redeemed for IndiGo flight tickets and on other products and categories with our commitment to provide a great engagement to our members. We strive to offer the best service to our customers every single day, as their satisfaction is at the heart of what we do. We have immense conviction in our partner KMBL, one of India's leading banks with a vast reach to complement IndiGo's network within the country, while offering unique experiences to our customers. It's a perfect partnership as we believe in consistently enhancing our engagement to deliver great customer experience".

Ambuj Chandna, President - Consumer Assets, Kotak Mahindra Bank said, "As a bank, our philosophy is to provide our customers personalised offerings that best suit their aspirations and preferences. And travel is a category that is growing in importance with customers placing a higher value on air travel-related rewards. The Ka-ching card will offer a rewarding experience to all - whether flying for leisure, business or any other purpose. Customers can accumulate 6E Rewards on all types of spends including travel and these can be redeemed at IndiGo against flights and other benefits, thus making this a preferred card in a customer's wallet. We are delighted to ink this partnership with IndiGo, a brand that is built on the same core value as Kotak of delivering a superlative experience to customers."

IndiGo is the market leader in the Indian passenger air industry enjoying over 57% market share, while KMBL has a customer base of ~27 million as on 30th June, 2021. This partnership will help KMBL and IndiGo increase brand reach and deepen customer engagement.

Shares of InterGlobe Aviation Limited was last trading in BSE at Rs. 1994.90 as compared to the previous close of Rs. 2018.90. The total number of shares traded during the day was 140521 in over 5821 trades.

The stock hit an intraday high of Rs. 2067.00 and intraday low of 1962.50. The net turnover during the day was Rs. 283807270.00.

Shares of Kotak Mahindra Bank Limited was last trading in BSE at Rs. 2157.15 as compared to the previous close of Rs. 2171.15. The total number of shares traded during the day was 74284 in over 5475 trades.

The stock hit an intraday high of Rs. 2181.70 and intraday low of 2116.00. The net turnover during the day was Rs. 159733217.00.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

JSPL records a 10% YoY production increase in November 2021

KPI Global Infrastructure Ltd receives orders for 2.70 MWdc solar power project

Imagicaaworld to reopen its Water Park from 17th December 2021

Hindustan Zinc Ltd board approves interim dividend of Rs. 18

Spice Money further bolsters leadership team to fast-track the growth

Noida International Airport awards 30-year concession to Indian Oil Skytanking Ltd for setting up the fuel farm and hydrant system

ICICI Bank offers instant overdraft facility to sellers registered on Flipkart

Canara Bank enters into MOU with Toyota Kirloskar Motor Pvt Ltd

Gulshan Polyols Ltd signs long-term offtake agreement with OMCs

California Software Company Ltd to acquire majority stake in Pratsware

NHPC Ltd board approves proposal for monetization of asset of the Company

Rajshree Sugars and Chemicals Ltd updates on debt retructuring

TA'ZIZ and Reliance Launch Strategic Joint Venture for $2 Billion Chemicals Projects in Ruwais

Polyplex Corporation Ltd's subsidiary commissions new BOPP Film Line

Brightcom Group Limited to acquire MediaMint

Praj's BIOSYRUP® to enable year-round production of ethanol to boost to the sugar sector

TCS BaNCS™ recognized as a Large Player in the Now Tech Report for Digital Wealth Management Platforms

Modern Converters Ltd is now Modern Engineering and Projects Limited

Texmaco Rail and Engineering Ltd announces successful completion of Rights Issue

Shalby Ltd arm increases stake in Singapore arm

Gulshan Polyols Ltd updates on Ethanol offtake by OMCs in Assam

Madras High Court stays winding up order against SpiceJet Ltd for 3 weeks, asks company to deposit $5 mn

ADF Foods bags exclusive distribution rights of Patanjali products across Western Europe and UK

Prakash Industries Ltd secures Long-Term Coal Linkages for Captive Power Plant

Praveg Communications India Ltd applies for license to start 'PRAVEG TV'

Bloom Dekor Ltd updates on freezing of current account by PNB

Indo Us Bio Tech Limited allots 12,13,598 bonus shares

Aurionpro selected as Solution Provider by the State Bank of India for Kanpur Metro Project

Financial Times and Infosys announce Strategic Digital Collaboration to Enhance Immersive Journalism

Nestle India Receives Approval Under Production Linked Scheme

Mawana Sugars Ltd to make contribution of upto Rs. 3 crore to political parties

Dilip Buildcon Ltd emerges L1 bidder for tender floated by South Eastern Coalfields Limited

Saboo Sodium Chloro Ltd's FMCG division to launch two new products

APL Apollo Tubes Ltd stands at 56th Percentile of the S&P Global CSA 2021

TAKE Solutions announces appointment of Chief Operating Officer

Route Mobile Limited Launches Payment as a Service

Foods & Inns Limited receives approval under PLI scheme of Ministry of Food Processing Industries

State Bank of India chooses Intellect Wealth Qube® for its Digital Wealth Transformation

Winners of NCPEDP - Mindtree Helen Keller Awards 2021 announced

Biocon Ltd partners with Tabuk Pharmaceuticals to commercialise its speciality generic medicines in the Middle East

Niti Aayog proposes to RBI to categorise loans to electric vehicles as Priority Sector Lending segment

Tanla and Vi sign partnership to deploy patented block-chain enabled Wisely Platform

MyGov India & Chingari App discuss major digital transformations for the nation at Azadi ka Digital Mahotsav

Tata Elxsi recognized as a 'Leader' and specialized ER&D Service Provider across multiple industries in Zinnov Zones 2021 annual ratings

Industrial Investment Trust Limited to sell stake in Future Generali India Life Insurance Company Ltd

CEBBCO receives order for supply of ISO Containers

Karnataka Bank partners with Toyota Kirloskar Motor Private Limited to extend retail vehicle finance support to its customers

Prakash Industries Limited's surplus land attached by ED

HDFC Securities guides in securing the investors' financial future with InvestPlus!

Tata Steel deploys its first Bio-Fuel powered ship for imported raw material transportation


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020