Indusind Bank Gets RBI Nod for Stock Broking Subsidiary

Indusind Bank Ltd has received approval from the Reserve Bank of India (RBI) to establish a wholly-owned subsidiary focused on stock broking. The approval, dated August 7, 2026, also permits the bank to infuse equity capital into this new entity. The subsidiary's operations are subject to additional conditions outlined in the RBI's letter. This strategic move allows Indusind Bank to expand its financial services offerings into the stock broking domain.