Intellect’s Debt Management Platform To Be Used By A Mongolian Bank

Intellect Design Arena Limited, prominent name in IT software products, has announced that Mongolia’s Khan Bank has selected Intellect’s debt management platform to centralise operations, and digitalise its collection process.

The implementation of Intellect’s platform would ensure effective collection strategies for the Bank and help build a high-performance organisation. The Khan Bank is one of the largest commercial banks in Mongolia, and provides banking services to an estimated 70% of Mongolian families. The bank has 537 branches across Mongolia.

Intellect Digital Debt Management helps banks manage complex debt scenarios with appropriate collection strategies. This new development in Intellect Design Arena Limited would surely help to strengthen its presence in the IT software products sector. Intellect Design Arena Ltd is currently trading at Rs 117.8, up by Rs 1.6 or 1.38% from its previous closing of Rs 116.2 on the BSE.

The scrip opened at Rs 116.1 and has touched a high and low of Rs 119.9 and Rs 116 respectively. So far 536045(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1182.15 crore.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 252.1 on 03-May-2016 and a 52 week low of Rs 107.75 on 15-Feb-2017. Last one week high and low of the scrip stood at Rs 117.6 and Rs 112.7 respectively. The promoters holding in the company stood at 29.56 % while Institutions and Non-Institutions held 15.57 % and 53.97 % respectively. The stock is currently trading below its 200 DMA. 

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About Suhani Varma

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