Tuesday 7 March 2017

Infosys Finacle chosen to empower Housing Bank’s Algerian operations

http://www.bonazcapital.com/stock-future/


http://www.bonazcapital.com/stock-future/

Infosys Finacle, a wholly owned subsidiary of Infosys has been selected by Housing Bank to power the bank’s operations in Algeria.
 Infosys Finacle will deploy services like Finacle core banking, internet banking solution, trade finance & Finacle Islamic banking solution for the Shariah banking product.
 The Finacle Analytics solution will help the middle-east bank to offer customised services to various customers, and will also help in managing real-time data with respect to non-performing assets.
 It will enable the bank to exploit the realm of granular business functionality while enhancing its services.
 It will help the bank to facilitate deployment, open new branches and implement counter extension easily and directly.
 Established in 1981, Infosys is a global consulting and IT services company.
Its outsourcing services include customer service, finance and accounting, application outsourcing, business process outsourcing, human resources, etc.
Stock view:
Infosys Ltd ended at Rs 1019.7, down by Rs 14.15 or 1.37% from its previous closing of Rs 1033.85 on the BSE.
The scrip opened at Rs 1024 and touched a high and low of Rs 1025.5 and Rs 1015 respectively.
A total of 2441714(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 237469.62 crore.
The BSE group 'A' stock of face value Rs 5 touched a 52 week high of Rs 1278 on 03-Jun-2016 and a 52 week low of Rs 900.3 on 09-Nov-2016.
Last one week high and low of the scrip stood at Rs 1035.9 and Rs 1000.5 respectively.
The promoters holding in the company stood at 12.75 % while Institutions and Non-Institutions held 57.89 % and 28.87 % respectively.

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